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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 Jan 15, 2022 7:45am
135 Views
Post# 34319942

RE:Palliser Block

RE:Palliser BlockThanks for your input, it sure is exciting and transformative times, I believe Canada is just starting to take its rightful place as one of a very few  energy suppliers of final resort to a hungry planet. Thank goodness that not everyone thinks the same as us !!
The really good news in all this is that the financial markets (in Europe at least ) are available once again. That means a quick end to deleveraging (and ridiculous hedging into backwardated markets)
Cash flows hence forth will now be redeployed into gainful purposes such as aquisitions, buybacks and filling out newly available pipeline capacity
I do not believe the same purse strings have opened up to Canadian companies yet (cos. with only Canadian assets) Whence IPCO's advantage !!
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