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InPlay Oil Corp. Announces Record 2022 Financial, Operating and Reserves Results Highlighted by 58% Production Growth, 11% Proved Developed Producing Reserves Growth and 59% Net Debt Reduction

/CNW/ - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") announces its financial and operating results for the three and twelve months. ....

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InPlay Oil Corp. Announces Its 2020 Financial, Operating and Reserves Results Highlighted by Record Reserves

“Adjusted funds flow”, “adjusted funds flow per share, basic and diluted”, “adjusted funds flow per boe”, “operating income” and “operating netback per boe” do not have a standardized meaning under International Financial Reporting Standards (IFRS) and GAAP and therefore may not be comparable with the calculations of similar measures for other companies. “Adjusted funds flow” adjusts for decommissioning expenditures from funds flow. Please refer to “Non-GAAP Financial Measures” and “BOE equivalent” at the end of this news release and to the section entitled “Non-GAAP Measures” in our MD&A for details of calculations, rationale for use and applicable reconciliation to the nearest IFRS measure. ....

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