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International Petroleum Ord Shs T.IPCO

Alternate Symbol(s):  IPCFF

International Petroleum Corp. is a Canada-based international oil and gas exploration and production company. It has a portfolio of assets located in Canada, Malaysia and France. Its oil and gas assets in Canada are located in Alberta and Saskatchewan. The Suffield area oil and gas assets and the Ferguson oil asset are high quality conventional assets located in southern Alberta. Its principal assets in northern Alberta and Saskatchewan are the Blackrod and Onion Lake projects, which are heavy crude oil assets applying conventional and steam assisted development methods. Its oil and gas assets in France are comprised of operated assets in the Paris Basin and non-operated assets in the Aquitaine Basin. It holds a 100% working interest and operatorship in the Bertam field producing light high-quality oil. The Bertam field is located 170 kilometers offshore to the east of Peninsular Malaysia in Block PM307. It consists of an unmanned wellhead platform and 14 active horizontal wells.


TSX:IPCO - Post by User

Comment by Oldnaggeron Mar 08, 2021 4:59pm
107 Views
Post# 32745726

RE:I HOPE THIS IS THE NEW BEGINNING

RE:I HOPE THIS IS THE NEW BEGINNING

I fear that some investors may have forgotten what Ipco was doing prior to the Covid pandemic.Those were exciting times  New production from Onion Lake was coming on stream and with infill drilling in Malaysia and the first horizontal drilling at La Gravelle production was on its way from 45000 bpd towards 50000 bpd. Add in purchases of additional contingent reserves at Blackpearl alongside their successful prototype well pairs, Not to forget Suffield, Granite Petroleum and 7% share buybacks.
All that was put on hold while IPCO took measures to protect their balance sheet. 

Well it is my guess that the worst is now firmly in the rear view mirror and that investors will once again be able to enjoy the great ride that we had not so long ago !!

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