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 renewed NCIB reflects InPlay Oil's confidence in its long-term outlook and provides an additional capital allocation tool amid volatile energy markets. The company 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. This move comes as energy companies increasingly turn to share buybacks to return capital to shareholders, especially when stock prices are considered undervalued.
InPlay Oil is 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. The common shares trade on the Toronto Stock Exchange under the symbol "IPO", the Tel-Aviv Stock Exchange under the symbol "IPO", and the OTCQX under the symbol "IPOOF". For more information, visit https://www.inplayoil.com/.
The full press release can be viewed at https://nnw.fm/Sbr8H. This announcement underscores InPlay Oil's commitment to disciplined capital allocation and its belief in the intrinsic value of its shares. By repurchasing shares, the company aims to provide immediate value to existing shareholders while positioning itself for future growth.
