InPlay Oil (TSX: IPO) (OTCQX: IPOOF) announced that Obsidian Energy Ltd. has entered a definitive agreement to sell its 9.1 million common shares in InPlay to Delek Group Ltd. The transaction, expected to close in the first half of August 2025, positions Delek as a strategic shareholder with rights to nominate two directors to InPlay’s board. InPlay CEO Doug Bartole highlighted Delek’s strong industry record, including major roles in Ithaca Energy and the Mediterranean’s largest natural gas field. The agreement includes registration and investor rights granting Delek participation and pre-emptive rights in future equity offerings.
To view the full announcement, visit https://ibn.fm/hGL6S
About InPlay Oil Corp.
InPlay is a growth-oriented, sustainable oil and gas producer focused on long-term value creation for its shareholders. The Company’s operations are centered in the Western Canadian Sedimentary Basin, where InPlay holds a diverse portfolio of oil and natural gas assets. InPlay is committed to delivering strong per-share growth, maintaining a disciplined approach to capital investment, and providing consistent returns to shareholders.
For more information, visit the company’s website at https://www.inplayoil.com/
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