International Petroleum Corp. today released its financial and operating results and related management’s discussion and analysis for the six months ended June 30, 2020. Business Update Forecast 2020 net average production revised upwards to 37,000 to 40,000 barrels of oil equivalent per day from the previous guidance of 30,000 to 37,000 boepd. Capital and decommissioning expenditure guidance marginally increased by MUSD [...]
International Petroleum Corp. will publish its financial and operating results and related management’s discussion and analysis for the six months ended June 30, 2020, on Tuesday, August 4, 2020 at 07:30 CET, followed by an audio cast at 09:00 CET. Listen to Mike Nicholson, CEO, and Christophe Nerguararian, CFO, commenting on the report and the latest developments from IPC. Follow the presentation live on [...]
International Petroleum Corp. will publish its financial and operating results and related management’s discussion and analysis for the six months ended June 30, 2020, on Tuesday, August 4, 2020 at 07:30 CET, followed by an audio cast at 09:00 CET. Listen to Mike Nicholson, CEO, and Christophe Nerguararian, CFO, commenting on the report and the latest developments from IPC. Follow the presentation live on [...]
International Petroleum Corp. today released its financial and operating results and related management’s discussion and analysis for the three months ended March 31, 2020. Corporate Update In the April 2, 2020 press release, IPC revised its forecast 2020 net average production to be in the range of 30,000 to 45,000 barrels of oil equivalent per day , estimated operating costs for 2020 to be in the range of USD 12 to 13 [...]
International Petroleum Corp. is pleased to announce the voting results from the Corporation’s 2020 Annual General Meeting of Shareholders held on May 5, 2020 in Toronto, Ontario. Number of Directors The number of Directors of the Corporation was set at seven. Votes For % For Votes Against % Against 61,956,502 99.99% 8,502 0.01% Election of Directors The seven nominees listed in the Corporation’s management information [...]
International Petroleum Corp. will publish its financial and operating results and related management’s discussion and analysis for the three months ended March 31, 2020, on Wednesday, May 6, 2020 at 07:30 CET, followed by an audio cast at 09:00 CET. Listen to Mike Nicholson, CEO, and Christophe Nerguararian, CFO, commenting on the report and the latest developments from IPC. Follow the presentation live on [...]
International Petroleum Corp. announces its plans to reduce total forecast 2020 expenditure by between USD 125 and 190 million. IPC’s revised total estimated 2020 capital and decommissioning expenditures account for approximately USD 85 million of the total forecast reduction. IPC’s total forecast 2020 operating costs are revised downwards by between USD 40 and 105 million, depending on production levels and commodity [...]
International Petroleum Corp. reports the following, in accordance with the Swedish Financial Instruments Trading Act: Following the cancellation of 42,336 common shares repurchased by IPC under the share repurchase program announced on November 7, 2019, the total number of issued and outstanding common shares of the Corporation is 155,342,757 common shares with voting rights. International Petroleum Corp. is an [...]
International Petroleum Corp. is pleased to announce that its Annual General Meeting of Shareholders will be held at the offices of Blake, Cassels and Graydon LLP, Ottawa Room, Suite 4000, Commerce Court West, 199 Bay Street, Toronto, Ontario, M5L 1A9 on Tuesday, May 5, 2020 at 9:00 a.m. , for the following purposes: To receive the audited consolidated financial statements of the Corporation for the financial year ended [...]
International Petroleum Corp. is pleased to announce the closing of the previously announced acquisition of Granite Oil Corp. The Acquisition includes total proved plus probable reserves of 14.0 million barrels of oil equivalent and 6.2 MMboe of unrisked contingent resources as at December 31, 2019. The Acquisition is comprised of high netback, light oil producing assets in southern Alberta . The Assets include existing [...]
International Petroleum Corp. is pleased to announce that IPC repurchased a total of 348,936 IPC common shares during the period of February 17 to 28, 2020 under the previously announced share repurchase program. The share repurchase program, announced by IPC on November 7, 2019, is being implemented in accordance with the Market Abuse Regulation No 596/2014 and Commission Delegated Regulation No 2016/1052 and the [...]
International Petroleum Corp. reports the following, in accordance with the Swedish Financial Instruments Trading Act: Following the cancellation of a further 1,865,776 common shares repurchased by IPC under the share repurchase program announced on November 7, 2019, the total number of issued and outstanding common shares of the Corporation is 155,385,093 common shares with voting rights. [...]
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