International Petroleum Corp (FRA:IPT)
€ 9.9 -0.22 (-2.17%) Market Cap: 1.20 Bil Enterprise Value: 1.34 Bil PE Ratio: 10.69 PB Ratio: 1.28 GF Score: 87/100

International Petroleum Corp Capital Markets Day Transcript

Feb 06, 2024 / 02:00PM GMT
Release Date Price: €9.23 (-5.89%)
William Lundin
International Petroleum Corp - Independent Director

Welcome to those tuning in remotely to the IPC Capital Markets Day presentation. I'm William Lundin, the CO., and we have quite a wholesome agenda today. I'll be starting with the introduction as well as provide an overview of our strategy, and then I'll be passing along to Nikki And Chris, who will spend a little bit more time on the operational aspects of the business. And Christoph will touch on the financial numbers, followed by Rebecca, who will expand on the reserves valuation, and then I will end with some concluding remarks.

So jumping right into it.

Touching on the 2023 highlights here, the majority of the presentation will be full before we'd looking. But just to recap some of the achievements that IPC achieved through 2023 was a record investment year. From a capital expenditure standpoint, we spent USD327 million, which was in line with our latest guidance of USD330 million and about 240 of that was spent on the Blackrod project. We achieved record production, an all-time high for ITC. in 2023, which was 51

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