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International Petroleum Corporation

Company Summary

Description

Entity formed by Lundin Petroleum associated with the spin-off of the Company's non-Norwegian assets in Malaysia, France and the Netherlands.

Operational Regions

  • International
  • Asia
  • Europe

Financial Data:


Tickers:

  • IPCO - Toronto Stock Exchange

Related Entities

Recent news

  • 2/7/2023 - International Petroleum... (subscriber access)
  • 1/3/2023 - International Petroleum... (subscriber access)
  • 12/19/2022 - International Petroleum... (subscriber access)
  • 12/12/2022 - International Petroleum... (subscriber access)
  • 12/1/2022 - International Petroleum... (subscriber access)

Company Transactions

Date: 12/31/2018
Type: Acquisition

BUYERS:
  • International Petroleum Corporation
    • SELLERS:
  • BlackPearl Resources Inc
    • DETAILS:
    NOTES:
    International Petroleum ("IP") and BlackPearl have entered into an agreement in which IP will acquire all shares of BlackPearl at an exchange ratio of 0.22 shares of IP for each BlackPearl share. Based on the volume average weighted price of the IP shares for the last 30 days, the acquisition price is CAD 1.85 per BlackPearl share. The acquisition remains subject to shareholder approvals of both IP and BlackPearl, with completion expected in December 2018.

    Date: 12/31/2017
    Type: Acquisition

    BUYERS:
  • International Petroleum Corporation
    • SELLERS:
  • Cenovus Energy Inc.
    • DETAILS:

    COST: 512 $MM

    VOLUMES: 23.7 MBOE/d

    ACRES: 900000 Acres

    NOTES:
    The assets are located in southern Alberta and the companies have agreed to a deferred purchase price which could include additional payments of up to $36 million.
    REGIONS:
  • Western Canadian Sedimentary Basin