InPlay Oil Corp. Welcomes Delek Group as Strategic Shareholder with Board Representation

InPlay Oil Corp. has strengthened its strategic growth trajectory by welcoming Delek Group Ltd. as a new shareholder following Obsidian Energy Ltd.'s agreement to sell its 9.1 million common shares in InPlay to Delek. This transaction, scheduled to close in the first half of August 2025, introduces Delek as a strategic shareholder and grants it the right to nominate two directors to InPlay's board, signaling a robust partnership between the two energy companies. The arrangement demonstrates Delek's confidence in InPlay's operations and future potential in the competitive energy sector.

Doug Bartole, CEO of InPlay, expressed enthusiasm about the collaboration, highlighting 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 partnership is expected to bring valuable expertise and resources to InPlay, further solidifying its position in the Western Canadian Sedimentary Basin where it focuses on sustainable oil and gas production. The combination of InPlay's established operations and Delek's international experience creates synergies that could enhance operational efficiency and growth opportunities.

The comprehensive agreement between InPlay and Delek includes registration and investor rights provisions, ensuring Delek's participation in future equity offerings through pre-emptive rights. This aspect of the deal underscores the long-term nature of the partnership and Delek's commitment to supporting InPlay's growth trajectory. Additional details about the announcement are available at https://ibn.fm/hGL6S. The strategic alignment between the companies extends beyond mere financial investment, representing a deeper operational and strategic collaboration that could influence InPlay's future development plans and market positioning.

InPlay Oil Corp. maintains its reputation for disciplined capital investment and commitment to delivering consistent returns to shareholders through its diverse portfolio of oil and natural gas assets. The company's operations continue to focus on long-term value creation while adapting to evolving market conditions. Further information about InPlay and its strategic initiatives can be accessed at https://www.inplayoil.com/. This shareholder development represents a significant milestone in InPlay's corporate history, potentially accelerating its growth objectives while maintaining its core operational principles in the competitive energy landscape.