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M&A / Property

InPlay Oil investor Delek acquires 9.13 million shares

By The Northwire Desk — AI Analysis Aug 07, 2025 · 20:00 IPO · 10.90 InPlay Oil Corp
IPO · Price

Executive Summary

  • Delek Group Ltd. has officially closed its acquisition of all 9,139,784 common shares in InPlay Oil Corp., previously held by Obsidian Energy Ltd.
  • The transaction results in a significant change to InPlay’s board of directors, with the appointment of two new directors from Delek and the resignation of two existing directors.
  • This event marks the completion of the acquisition announced in InPlay's news release dated August 4, 2025.

Key Details

  • Transaction Completion: Delek Group Ltd. closed the acquisition of all 9,139,784 common shares of InPlay Oil Corp.
  • Previous Shareholder: The shares were previously held by Obsidian Energy Ltd.
  • Board Appointments:
    • Ehud (Udi) Erez: Appointed to the board; Chairman of the board of Delek since 2020 with over 30 years of experience in energy and real estate.
    • Tamir Polikar: Appointed to the board; CFO of Delek since 2020 with over 30 years of experience in energy and real estate.
  • Board Resignations:
    • Stephen Loukas: Stepped down from the board.
    • Peter Scott: Stepped down from the board.
  • Reference: Further details are available in InPlay's news release dated August 4, 2025.

Notable Quotes

  • "InPlay management and board would like to thank Mr. Loukas and Mr. Scott for their contribution to InPlay's board and wish them, and Obsidian, continued success."
Read the original news release →

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