09:31 AM EST - InPlay Oil Corp. : Announced its record setting financial and operating results for the three and twelve months ended December 31, 2021, and the results of its independent oil and gas reserves evaluation effective December 31, 2021. Completed the acquisition of Prairie Storm Resources Corp. on November 30, 2022 at attractive transaction metrics which enhances InPlay’s position as a sizable producer and acreage holder with a deep and highly economic drilling inventory in the light oil window of Central Alberta's Cardium fairway; Achieved record average annual production of 5,768 boe/d (65% light crude oil and NGLs), an increase of 45% from 2020 at 3,985 boe/d; Generated record annual adjusted funds flow of $47.0 million ($0.67 per weighted average basic share), an increase of 532%; Increased operating netbacks by 203% to $34.63/boe; Realized annual record operating income and operating income profit margin of $72.9 million and 64% respectively. InPlay Oil Corp.
shares T.IPO are trading down 4 cents at $3.06.
