2023-08-15 03:45:14 ET
- InPlay Oil press release ( OTCQX:IPOOF ): Q2 GAAP EPS of C$0.05.
- Revenue of C$39.8M (-44.2% Y/Y).
- Production for the three months ended June 30, 2023 averaged 8,474 boe/d (57% light crude oil and NGLs) and was 6% lower compared to the three months ended June 30, 2022.
- InPlay is updating its 2023 annual average production guidance to 9,100 to 9,500 boe/d (58% - 60% light oil and liquids). At pricing of US $80.00 WTI, which is slightly below current future pricing, for the remainder of 2023, InPlay now forecasts 2023 AFF of C$103 to C$108 million with FAFF of C$23 to C$33 million. AFF of C$62 million is forecasted to be generated in the second half of 2023 (C$124 million on an annualized basis).
- The Company's leverage metrics are forecasted to remain at very low levels, with net debt to EBITDA forecast to be 0.2x – 0.3x for 2023 supporting the Company's sustainable dividend and continued strategy of delivering returns to shareholders.
For further details see:
InPlay Oil GAAP EPS of C$0.05, revenue of C$39.8M; updates FY23 guidance