InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) has announced a significant development in its shareholder structure, with Delek Group Ltd. set to become a strategic shareholder through the acquisition of a 9.1 million common share block from Obsidian Energy Ltd. This transaction, expected 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 value Delek brings to the table, citing its impressive track record in the energy sector, including significant roles in Ithaca Energy and the development of the Mediterranean’s largest natural gas field. This partnership is poised to leverage Delek’s expertise and resources to fuel InPlay’s growth and operational efficiencies.
The agreement further includes registration and investor rights, providing Delek with 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 growth-oriented and sustainable approach to oil and gas production, with operations concentrated in the Western Canadian Sedimentary Basin. The company’s diverse portfolio of assets is a testament to its commitment to long-term value creation for shareholders, disciplined capital investment, and consistent returns. Learn more about InPlay at https://www.inplayoil.com/.
This strategic move is indicative of the dynamic nature of the energy sector, where partnerships and shareholder alignments can significantly influence a company’s direction and success. The involvement of Delek Group as a strategic shareholder in InPlay Oil Corp. is a development that industry watchers and investors will monitor closely for its potential impacts on the company’s performance and the broader energy market.
