InPlay Oil Corp. Announces Completion of Strategic Non-Core Asset Disposition
CALGARY, Alberta, Oct. 02, 2018 (GLOBE NEWSWIRE) -- InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") is pleased to announce that it has successfully closed its previously announced strategic disposition of certain non-core oil and gas properties in the west Pembina area of Alberta for cash consideration of $16.7 million, before closing adjustments (the "Disposition"). The details of the Disposition and the corresponding acceleration of InPlay's 2018 Cardium development program and increased guidance was contained in the Company's news release issued on September 13, 2018.
Please refer to our website for the Company's updated presentation at www.inplayoil.com.
For further information please contact:
| Doug Bartole President and Chief Executive Officer InPlay Oil Corp. Telephone: (587) 955-0632 |
Darren Dittmer Chief Financial Officer InPlay Oil Corp. Telephone: (587) 955-0634 |
| Scott Koyich Investor Relations InPlay Oil Corp. Telephone: (403) 619-2200 |
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