CA - International Petroleum Corporation (IPCFF) Q4 2023 Earnings Call Transcript
2024-02-06 10:24:07 ET
International Petroleum Corporation (IPCFF)
Q4 2023 Earnings Conference Call
February 06, 2024, 04:00 AM ET
Company Participants
William Lundin - CEO
Christophe Nerguararian - CFO
Rebecca Gordon - SVP, IR and Corporate Planning
Conference Call Participants
Presentation
William Lundin
Okay. So welcome everyone to the IPC 2023 Q4 and Year-End Operations and Financial Update Presentation. My name is William Lundin, I'm the CEO. I'm also joined by Christophe, our CFO; as well as Rebecca, our SVP of IR and Corporate Planning.
So I'll begin with the highlights for the full year 2023. This presentation update will be focused on this past year's results. And in terms of the detailed forward-looking short and long-term business plans, that will be covered during the CMD presentation later on today.
So it was a record investment year of $327 million in 2023. About $240 million of that was spent on our Blackrod Phase 1 development. IPC achieved a new all-time high annual production average of 51.1 thousand barrels of oil equivalent per day in 2023....
International Petroleum Corporation (IPCFF) Q4 2023 Earnings Call Transcript