InPlay Oil Corp. Welcomes Delek Group as Strategic Shareholder in Significant Block Sale

InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) has announced a significant development in its shareholder structure, with Obsidian Energy Ltd. agreeing to sell its 9.1 million common shares in InPlay to Delek Group Ltd. This transaction, anticipated to close in the first half of August 2025, not only alters the ownership landscape but also grants Delek the right to nominate two directors to InPlay's board, signaling a new chapter in corporate governance and strategic direction for the company.

Doug Bartole, CEO of InPlay, emphasized the strategic importance of this partnership, noting Delek's impressive track record in the energy sector, including its significant roles in Ithaca Energy and the development of the Mediterranean's largest natural gas field. This move is seen as a testament to InPlay's growth potential and its appeal to established industry players looking for sustainable investment opportunities in the oil and gas sector.

The agreement between InPlay and Delek includes comprehensive registration and investor rights, ensuring Delek's participation and pre-emptive rights in future equity offerings. This aspect of the deal underscores the long-term nature of the partnership and Delek's commitment to supporting InPlay's growth trajectory. For more details on the announcement, visit https://ibn.fm/hGL6S.

InPlay Oil Corp. is recognized for its focus on sustainable oil and gas production, with operations concentrated in the Western Canadian Sedimentary Basin. The company's strategy revolves around long-term value creation, disciplined capital investment, and consistent returns to shareholders. This transaction with Delek Group Ltd. represents a significant milestone in InPlay's journey, offering new avenues for growth and collaboration in the energy sector. For further information about InPlay Oil Corp., visit https://www.inplayoil.com/.