InPlay Oil Corp. Strengthens Strategic Position with Delek Group as New Shareholder

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, set to close in the first half of August 2025, marks Delek Group's entry as a strategic shareholder in InPlay, including the right to nominate two directors to InPlay's board. The move is seen as a strategic enhancement to InPlay's governance and future growth prospects.

Doug Bartole, CEO of InPlay, expressed optimism about the partnership, citing Delek Group's impressive track record in the energy sector, including significant roles in Ithaca Energy and the development of the Mediterranean's largest natural gas field. This collaboration is expected to bring valuable expertise and resources to InPlay, furthering its objectives in the Western Canadian Sedimentary Basin.

The agreement between InPlay and Delek Group also includes registration and investor rights, granting Delek participation and pre-emptive rights in future equity offerings. This aspect of the deal underscores the long-term strategic nature of the partnership, providing Delek with a pathway to further invest in InPlay's growth. For more details on the announcement, visit https://ibn.fm/hGL6S.

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 strategically located in the Western Canadian Sedimentary Basin, where it manages a diverse portfolio of oil and natural gas assets. InPlay's disciplined approach to capital investment and its focus on delivering consistent returns to shareholders are key pillars of its corporate strategy. More information about InPlay can be found at https://www.inplayoil.com/.