International Petroleum Corp. today released its financial and operating results and related management’s discussion and analysis for the three months ended March 31, 2019. Financial and Operational Highlights Average net production of 44,400 barrels of oil equivalent per day for Q1 2019. The impact of extreme weather on Canada gas production was more than offset by higher realized gas prices . All other producing [...]
International Petroleum Corp. is pleased to announce the voting results from the Corporation’s 2019 Annual General Meeting of Shareholders held on May 7, 2019 in Toronto, Ontario. Number of Directors The number of Directors of the Corporation was set at eight. The vote was conducted by a show of hands. Proxies received by management in advance of the 2019 AGM indicated the following: Votes For % For Votes Against [...]
International Petroleum Corp. will publish its financial and operating results and related management’s discussion and analysis for the three months ended March 31, 2019, on Wednesday, May 8, 2019 at 07:30 CET, followed by a live webcast at 09:00 CET. Watch 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. 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 7, 2019 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 that Daniel Fitzgerald, formerly Vice President Operations, has been promoted to Chief Operating Officer of IPC, effective as of April 1, 2019. At the same time, Ryan Adair, formerly Vice President Reservoir Development, will assume a senior role in the Canadian management team as Vice President Asset Management and Corporate Planning of IPC Canada. Mike Nicholson [...]
International Petroleum Corp. today released its financial and operating results and related management’s discussion and analysis for the year ended December 31, 2018. IPC is also pleased to announce its 2019 capital expenditure budget range of between USD 146 and 166 million and its 2019 production guidance of between 46,000 and 50,000 barrels of oil equivalent per day . 2018 year-end 2P reserves and best estimate [...]
International Petroleum Corp. will publish its financial and operating results and related management’s discussion and analysis for the year ended December 31, 2018, on Tuesday, February 12, 2019 at 07:30 CET, followed by a live webcast at 09:00 CET. IPC’s annual Capital Markets Day will be held in Stockholm, Sweden on Tuesday, February 12, 2019 by a live webcast at 14:00 CET. You can also dial-in to listen to [...]
International Petroleum Corp. reports the following, in accordance with the Swedish Financial Instruments Trading Act: Following completion of the acquisition of all of the issued and outstanding shares of BlackPearl Resources Inc. as announced on December 14, 2018, the Corporation has issued 75,798,219 new common shares and the total number of issued and outstanding common shares of the Corporation is currently [...]
International Petroleum Corp. is pleased to announce that IPC’s prospectus for the proposed issuance of new common shares of IPC to the securityholders of BlackPearl Resources Inc. in connection with the acquisition by IPC of BlackPearl has been approved. The prospectus was approved by and registered with the Swedish Financial Supervisory Authority today. The prospectus is available on IPC’s website and will [...]
International Petroleum Corp. today released its financial and operating results and related management’s discussion and analysis for the three and nine months ended September 30, 2018. Financial and Operational Highlights Average net production of 35,200 barrels of oil equivalent per day for the third quarter of 2018 at the high end of the guidance range; strong performance from all assets. Full year 2018 average [...]
International Petroleum Corp. will publish its financial and operating results and related management’s discussion and analysis for the three and nine months ended September 30, 2018, on Tuesday, November 6, 2018 at 07:30 CET, followed by a live webcast 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 [...]
International Petroleum Corp. and BlackPearl Resources Inc. are pleased to announce that they have entered into an agreement under which IPC will acquire all of the shares of BlackPearl based upon a share exchange ratio of 0.22 shares of IPC for each BlackPearl share . Based upon a volume weighted average price of the IPC Shares for the last thirty days, this represents an acquisition price of CAD 1.85 per BlackPearl [...]