Sector: Energy | Industry: Oil & Gas Exploration and Production |
Company Contact | |
Address: | 2000, 350 - 7th Avenue S.W CALGARY AB T2P 3N9 |
Tel: | N/A |
Website: | https://www.inplayoil.com |
IR: | See website |
Key People | ||
Douglas J. Bartole President, Chief Executive Officer, Director | Darren Dittmer Chief Financial Officer | Thane A. E. Jensen Vice President - Operations |
Kevin W. Yakiwchuk Vice President - Exploration | Gordon L. Reese Vice President - Business Development | Michael Sandrelli Corporate Secretary |
Business Overview |
InPlay Oil Corp. is a Canada-based junior oil and gas exploration and production company with operations in Alberta focused on light oil production. It operates long-lived, low-decline properties with drilling development and enhanced oil recovery potential, as well as undeveloped lands with exploration possibilities. It is engaged in the acquisition, exploration and development of petroleum and natural gas properties, and the production and sale of crude oil, natural gas and natural gas liquids. Its operations are focused on its concentrated light oil asset base located in West Central Alberta. Its primary target is the Cardium Formation within the Pembina and Willesden Green pools. Its Belly River light oil property is located on the east side of the Pembina Cardium Pool. It holds rights to an evolving Duvernay light oil play that offers potential material upside to the Company. Its Cardium assets are located in West Central Alberta focused on the Pembina and Willesden Green pools. |
Financial Overview |
For the fiscal year ended 31 December 2023, InPlay Oil Corp revenues decreased 22% to C$156.9M. Net income decreased 61% to C$32.7M. Revenues reflect Natural Gas - Production - Total decrease of 3% to 8.34B cubic feet, Oil Equivalent Production (Units/day) - decrease of 1% to 9K barrels per day, Oil and natural gas sales decrease of 25% to C$179.4M. Net income also reflects Production Costs per Unit - Average - To increase of 12% to C$16 per barrel. |
Employees: | 30 as of Dec 31, 2023 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | N/A |
Annual revenue (TTM): | $156.85M as of Dec 31, 2023 |
EBITDA (TTM): | $85.39M as of Dec 31, 2023 |
Net annual income (TTM): | $32.70M as of Dec 31, 2023 |
Free cash flow (TTM): | -$14.91M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $51.29M as of Dec 31, 2023 |
Shares outstanding: | 91,112,601 as of Mar 6, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |