Energy Prospectus

http://www.kereport.com/2022/02/07/inpl ... unds-flow/

Doug Bartole, CEO and President of InPlay Oil Corp. $IPO $IPOOF, joins us to overview the key projects, the growth of #production, reserves, and funds flow, and the successful #acquisition of Prairie Storm Resource Corp in 2021, and how this is setting up the Company for a record year in 2022.

We start off with a review of InPlay’s Cardium #oil and gas assets are located in West Central #Alberta focused in the 2 key asset land packages at the Pembina and Willesden Green pools. There have already been 11 wells drilled into Pembia so far, with 3 having just been completed in Q1, and 2 wells completed in January at Wellesden Green, with 2 more slated to come online in March, making for the most active quarter in the Company’s history. The plan is to focus about 50/50 on the development of the 2 areas for the balance of 2022 with large growth in reserves and production planned, feeding record fund flows. We wrap up with some information on the management team and the financial strength of the balance sheet; with aggressive plans to keep paying down debt, the potential for more #acquisitions, and the potential future return to shareholders through dividends or share buybacks.

If WTI stays over $80US/bbl, InPlay could be debt free by year-end.
> Only 50% of operating cash flow being spent on new wells in 2022 that should ramp production to close to 11,000 Boepd by Dec, 22.
> I expect them to make another acquisition in 2H 2022 that could take production close to 15,000 Boepd.

Also, $80/bbl oil makes their large leasehold position in the Duvernay Shale play extremely valuable.

All hedges are collars with ceilings above the current WTI price.

My current valuation of $5.00US per share of IPOOF is based on WTI averaging $80/bbl in 2022 and 2023.

The share price is currently below PV10 net asset value of just their P1 reserves.

My valuation is just 5X operating cash flow, which is a low multiple for a company with this much growth potential.

I made some minor adjustments to my forecast model for InPlay and reposted it to the EPG website.

Note that the forecast is in Canadian dollars.