CALGARY,
AB, Jan. 18, 2023 /CNW/ - InPlay Oil Corp.
(TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") is pleased to
announce it has been named to the 2023 OTCQX® Best 50, a ranking of
top performing companies traded on the OTCQX Best Market last
year.
The OTCQX Best 50 is an annual ranking of the top 50 U.S. and
international companies traded on the OTCQX market. The
ranking is calculated based on an equal weighting of one-year total
return and average daily dollar volume growth in the previous
calendar year. Companies in the 2023 OTCQX Best 50 were
ranked based on their performance in 2022.
Doug Bartole, President and Chief
Executive Officer of InPlay, commented: "We are very pleased
with InPlay's inclusion in the OTCQX Best 50 list. InPlay was the
fifth best performer on the OTCQX Best Market based on 2022 total
return and average daily dollar volume growth and this is the
second consecutive year placing in the top five on this list. This
ranking is a stong acknowledgement of the value we have created for
shareholders through measured per share growth, free adjusted funds
flow generation and delivering sustainable returns to shareholders.
It is also evidence of the commitment of our employees and
management team, strong leadership from our board of directors and
the support of our lenders and shareholders. As outlined in our
recently announced 2023 capital budget and guidance, InPlay finds
itself in an extremely enviable financial and operational position
allowing the Company to continue to forecast strong results in the
upcoming year."
For the complete 2023 OTCQX Best 50 ranking, visit
https://www.otcmarkets.com/files/2023_OTCQX_Best_50.pdf
The OTCQX Best Market offers transparent and efficient trading
of established, investor-focused U.S. and global companies. To
qualify for the OTCQX market, companies must meet high financial
standards, follow best practice corporate governance, and
demonstrate compliance with applicable securities laws.
About InPlay Oil Corp.
InPlay is a junior oil and gas exploration and production
company with operations in Alberta
focused on light oil production. The company operates long-lived,
low-decline properties with drilling development and enhanced oil
recovery potential as well as undeveloped lands with exploration
possibilities. The common shares of InPlay trade on the Toronto
Stock Exchange under the symbol IPO and the OTCQX Exchange under
the symbol IPOOF. Additional information about the Company
and our latest corporate presentation can be found on InPlay's
website at www.inplayoil.com.
SOURCE InPlay Oil Corp.
