InPlay Oil Corp. (TSX: IPO) (TASE: IPO) (OTCQX: IPOOF) announced that the Toronto Stock Exchange has accepted its notice to renew a normal course issuer bid (NCIB), allowing the company to repurchase and cancel up to 1,793,976 common shares, representing 10% of its public float as of May 14, 2026. The buyback program is set to begin May 25, 2026, and continue through May 24, 2027, subject to earlier completion or termination.
The company said the renewed NCIB reflects confidence in its long-term outlook and provides an additional capital allocation tool amid volatile energy markets. InPlay noted that stronger free cash flow in the current crude oil pricing environment supports the repurchase strategy, which management believes will enhance shareholder value by reducing share count and improving per-share metrics.
The announcement comes as InPlay Oil continues to operate as a junior oil and gas exploration and production company with operations in Alberta focused on light oil production. The Company operates long-lived, low-decline properties with drilling development and enhanced oil recovery potential as well as undeveloped lands with exploration possibilities.
For more information about InPlay Oil Corp., visit https://www.inplayoil.com/. To view the full press release, visit https://nnw.fm/Sbr8H.
