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FINWIRES

InPlay Closes $54.25 Million Acquisition of Oil and Gas Producer

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InPlay Oil (IPO.TO) has closed its previously announced acquisition of a private oil and gas producer for C$54.25 million, the company said Friday.

InPlay said the transaction will add about 1,400 barrels of oil equivalent per day (boe/d) of production, boosting its total corporate production to 20,100 boe/d.

The company said it has identified 50 drilling locations on the newly acquired assets, including over 10 years worth of drilling inventory.

Price: $17.75, Change: $+0.38, Percent Change: +2.19%

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