International Petroleum Corp (OTCPK:IPCFF)
$ 10.69 -0.265 (-2.42%) Market Cap: 1.29 Bil Enterprise Value: 1.46 Bil PE Ratio: 10.38 PB Ratio: 1.27 GF Score: 85/100

Q4 2022 International Petroleum Corp Earnings Call Transcript

Feb 07, 2023 / 08:00AM GMT
Release Date Price: $9.33 (-7.35%)
Mike Nicholson
International Petroleum Corporation - President, CEO & Director

Okay. So a very good morning to everybody, and welcome to IPC's Year-End Results and Financial Update Presentation. My name is Mike Nicholson. I'm the CEO. Also joining me this morning is Christophe Nerguararian, the CFO; and Rebecca Gordon, who's our VP of Investor Relations and Corporate Planning. I'll begin with the highlights from the full year 2023. It will be a much shorter presentation for me this morning than usual. I will just be focused really on the 2023 results in terms of the operations update and all of our forward-looking business plan that we announced this morning, that will all be covered in much more detail in our Capital Markets Day presentation, which is due to start this afternoon at 2:00.

So to get started with the highlights from 2023, it was really truly an exceptional year for IPC, a record performance across all of the business. And if we start by looking at the investment year, we originally guided full year capital investment of $170 million. We ended up spending slightly less than

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