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InPlay Oil Corp. eyes higher revenue in H2FY23 as crude prices jump
Image source: © Fyksia92 | Megapixl.com
Highlights
Based in Calgary, Alberta, InPlay Oil Corp. (TSX: IPO) is an oil development and production company. The company focuses on acquisition, exploration, and development of petroleum and natural gas properties. It also produces and sales crude oil, natural gas, and natural gas liquids.
The company’s net debt decreased by approximately 9% to CAD 41.8 million, as of June 30, 2023, down from CAD 46.2 million in Q1 2023. IPO ended the second quarter with a net debt to EBITDA leverage ratio of 0.4x, versus 0.5x in the previous corresponding period.
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