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InPlay Oil Corp T.IPO

Alternate Symbol(s):  IPOOF

InPlay Oil Corp. is a Canada-based junior oil and gas exploration and production company with operations in Alberta focused on light oil production. It operates long-lived, low-decline properties with drilling development and enhanced oil recovery potential, and undeveloped lands with exploration possibilities. It is engaged in the acquisition, exploration and development of petroleum and natural gas properties, and the production and sale of crude oil, natural gas and natural gas liquids. Its operations are focused on its concentrated light oil asset base located in West Central Alberta. Its primary target is the Cardium Formation within the Pembina and Willesden Green pools. Its Cardium assets are located in West Central Alberta focused on the Pembina and Willesden Green pools. Its Belly River light oil property is located on the east side of the Pembina Cardium Pool. It holds rights on an evolving Duvernay light oil play that offers potential material upside to the Company.


TSX:IPO - Post by User

Post by Rational43on Mar 16, 2022 8:55am
275 Views
Post# 34517775

Fantastic - Guidance for 2022 has improved

Fantastic - Guidance for 2022 has improved

"we are updating our price forecast using USD $90.00/bbl WTI, $4.30/mcf AECO and a CAD/USD exchange rate of 0.80. Based on this revised commodity price forecast, InPlay is now expected to generate 2022 AFF(3)(4) of $141 to $150 million and 2022 FAFF(2)(4) of $83 to $92 million which would result in InPlay being in a positive working capital position, in excess of debt, by year end."

Net cash by year end, and above what their oil forecast suggested at $90 oil, which means underlying operating performance is improving.  
 

Fantastically cheap and generating huge cash flows.

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