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InPlay Oil Corp. Announces Closing of Delek Group Ltd.'s Acquisition of InPlay Common Shares
InPlay Oil Corp. Announces Closing of Delek Group Ltd.'s Acquisition of InPlay Common Shares ...
About this update from Inplay Oil Corp
[{"type":"text","content":"\n\n\n\n InPlay Oil Corp. Announces Closing of Delek Group Ltd.'s Acquisition of InPlay Common Shares\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n CALGARY, AB\n \n\n ,\n \n\n Aug. 7, 2025\n \n\n /CNW/ - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (\"\n \n InPlay\n \n \" or the \"\n \n Company\n \n \") announces that Delek Group Ltd. (\"\n \n Delek\n \n \") has closed the previously announced acquisition of all 9,139,784 common shares in the capital of InPlay previously held by Obsidian Energy Ltd. (\"\n \n Obsidian\n \n \") (the \"\n \n Transaction\n \n \"). Further details regarding the Transaction can be found in InPlay's press release dated\n \n August 4, 2025\n \n .\n \n\n\n\n\n\n\n\n\n In connection with closing of the Transaction, InPlay has appointed\n \n Ehud (Udi) Erez\n \n and\n \n Tamir Polikar\n \n to the Board of Directors of InPlay (the \"\n \n Board\n \n \"). Mr. Erez has served as the Chairman of the board of Delek since 2020 and has over 30 years of experience in the energy and real estate sectors. Mr. Polikar has served as the Chief Financial Officer of Delek since 2020 and has over 30 years of experience in the energy and real estate sectors.\n \n\n InPlay also announces that with in connection with closing of the Transaction,\n \n Stephen Loukas\n \n and\n \n Peter Scott\n \n have stepped down from the Board. InPlay management and Board would like to thank Mr. Loukas and Mr. Scott for their contribution to InPlay's Board and wish them, and Obsidian, continued success.\n \n\n\n About InPlay Oil Corp.\n \n\n\n InPlay Oil Corp. is a growth-oriented, sustainable oil and gas producer focused on long-term value creation for its shareholders. The Company's operations are centered in the Western Canadian Sedimentary Basin, where InPlay holds a diverse portfolio of oil and natural gas assets. InPlay is committed to delivering strong per-share growth, maintaining a disciplined approach to capital investment, and providing consistent returns to shareholders.\n \n\n\n About Delek Group\n \n\n\n Delek is an independent E&...