International Petroleum Ord Shs T.IPCO

Alternate Symbol(s): IPCFF

Energy Oil & Gas E&P

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.

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International Petroleum Ord Shs > The mouse that roared

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Comment by kavern23on Jan 15, 2022 2:31am

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Post# 34319851

RE:RE:RE:The mouse that roared

I considered XTO for IPCO but I think with stronger equity prices....Crescent Point is likely winner for XTO. CPG will be able issue shares at a good price and Imperial and other partner may be willing to hold shares of CPG until they can slowly dump.

Crescent can get better synergies then most buying XTO...and CPG needs to get bigger still and run drill programs

I see IPCO buying a more mature asset that can milk cash and not need a big capex in a downturn on WTI

I think it will be in southern alberta whatever IPCO buys.

They are not raising this money for fun....they must have a deal for this cash.

IPCO has a very strong balancesheet...really good.