InPlay Oil Corp T.IPO

What does this mean...new press release

[kavern23]

Anyone have any theories on why? I don't...strange...

CALGARY, Alberta, June 14, 2021 (GLOBE NEWSWIRE) -- InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) announces that the maturity date applicable to and redetermination of the borrowing base under the Company’s Senior Credit Facility has been extended from June 14, 2021 to June 30, 2021. A further extension of the annual renewal and redetermination has been agreed upon in order to provide additional time for InPlay and the banking syndicate to finalize negotiation of terms.

[littledave55555]

I find this interesting as well...??? I'm sure it will be fine only because they have an agreement ... just one or 2  things need to be iron out before signing it ...... I'm sure it will be fine... It would have been nice if it was done...... an we could move on .... I guess the best thing is to just ask them so i'm sendinng an email lol .. i'm sure i will not get anything

[kavern23]

I think it is fairly common....example Petrus and Gear both got extensions to June 30th as well. Be nice if the banks started increasing some of these bank facutlies, would really help the M&A market.

[SC2021]

leverage, (better terms for the company) they are drilling and also the price of oil....  every oil Company  has been doing since the start of covid.

[littledave55555]

NICE!!! Better for the company means better for the investor... go get them bart. Kick some bank assss lol GO IPO GO !!!! TO A BUCK .25 lol

[SC2021]

excellent:) (on the .25!!!!!!!) It is a great time to own oils:) IPO is exceptional and has much room for growth!!! Crude up .95 IPO locked at 1.00