Overview

* InPlay Oil ( IPOOF ) Q2 revenue C$91.6 mln, net loss C$3.2 mln

* Production rose 125% from Q1, exceeding expectations by 1,000 boe/d

* Delek Group acquires 32.7% stake, enhancing strategic alignment

Outlook

* InPlay expects 2025 average production at upper end of guidance range

* Capital spending expected in lower half of C$53-$60 mln budget

* Company plans to drill 5.0-5.5 net Cardium wells in Pembina

* InPlay has hedged over 70% of natural gas production for H2 2025

Result Drivers

* ACQUISITION IMPACT - Strategic acquisition of Cardium light oil assets enhanced scale, market capitalization, and long-term sustainability, boosting FAFF by 65% per share

* PRODUCTION OUTPERFORMANCE - Q2 production averaged 20,401 boe/d, exceeding expectations by 1,000 boe/d, driven by base production and new wells outperforming type curves by ~135% on average

* CAPITAL EFFICIENCY - Strong capital efficiencies expected to result in capital spending landing in the lower half of the C$53-60 mln budget, with a focus on free cash flow generation for debt reduction and shareholder returns

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 C$91.6

Revenue mln

Q2 Net -C$3.20

Income mln

Q2 C$50.50

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

* Wall Street's median 12-month price target for InPlay Oil Corp ( IPOOF ) is C$13.00, about 16.2% above its August 13 closing price of C$10.89

* The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 4 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)