InPlay Oil Corp. Welcomes Delek Group as Strategic Shareholder in Significant Share Block Sale

InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) has announced a significant development in its shareholder structure, with Obsidian Energy Ltd. agreeing to sell its 9.1 million common shares in InPlay to Delek Group Ltd. This transaction, anticipated to close in the first half of August 2025, will establish Delek as a strategic shareholder in InPlay, including the right to nominate two directors to InPlay's board. This move underscores a strategic alignment between InPlay and Delek, leveraging Delek's extensive industry experience and success in ventures such as Ithaca Energy and the Mediterranean's largest natural gas field.

The agreement between InPlay and Delek includes comprehensive registration and investor rights, granting Delek participation and pre-emptive rights in future equity offerings. This aspect of the deal highlights the long-term strategic partnership envisioned by both parties, aiming to bolster InPlay's growth trajectory and operational capabilities. InPlay's CEO, Doug Bartole, expressed enthusiasm about the partnership, citing Delek's proven track record and the potential for synergistic growth opportunities.

InPlay Oil Corp. is recognized for its commitment to sustainable oil and gas production, focusing on long-term value creation for its shareholders. The company's operations are primarily located in the Western Canadian Sedimentary Basin, where it manages a diverse portfolio of oil and natural gas assets. This strategic share sale to Delek Group not only enhances InPlay's shareholder base but also aligns with its disciplined approach to capital investment and consistent shareholder returns.

For further details on this announcement, visit https://ibn.fm/hGL6S. Additional information about InPlay Oil Corp. can be found at https://www.inplayoil.com/.