InPlay Oil Renews Share Buyback Program, Signaling Confidence in Long-Term Outlook

InPlay Oil Corp. (TSX: IPO) (TASE: IPO) (OTCQX: IPOOF) announced that the Toronto Stock Exchange has accepted its notice to renew a normal course issuer bid (NCIB), allowing the company to repurchase and cancel up to 1,793,976 common shares, representing 10% of its public float as of May 14, 2026. The buyback program is set to begin May 25, 2026, and continue through May 24, 2027, subject to earlier completion or termination.

The renewal of the NCIB underscores InPlay's confidence in its long-term outlook and provides an additional capital allocation tool amid volatile energy markets. InPlay noted that stronger free cash flow in the current crude oil pricing environment supports the repurchase strategy, which management believes will enhance shareholder value by reducing share count and improving per-share metrics. The company's ability to generate free cash flow in the current pricing environment is a key factor enabling this repurchase program.

InPlay Oil is a junior oil and gas exploration and production company with operations in Alberta focused on light oil production. The company operates long-lived, low-decline properties with drilling development and enhanced oil recovery potential, as well as undeveloped lands with exploration possibilities. The common shares trade on the Toronto Stock Exchange under the symbol “IPO,” the Tel-Aviv Stock Exchange under the symbol “IPO,” and the OTCQX under the symbol “IPOOF.” More information about the company can be found at https://www.inplayoil.com/.

Share buyback programs are often viewed as a signal of management's confidence in the company's intrinsic value and future prospects. By reducing the number of shares outstanding, the company can increase earnings per share and return capital to shareholders in a tax-efficient manner. InPlay's decision to renew its NCIB comes at a time when many energy companies are focusing on shareholder returns amid improved cash flows.

The full press release detailing the NCIB renewal is available at https://nnw.fm/Sbr8H. As the company moves forward with its buyback program, investors will be watching to see how the repurchases impact share price and overall shareholder value.