TSX:IPCOOil and Gas
Does Earlier‑Than‑Guided Blackrod First Oil Transform The Bull Case For International Petroleum (TSX:IPCO)?
International Petroleum Corporation has reported that, following substantial progress during 2025, it commenced first steam injection at its 100%-owned Blackrod Phase 1 oil sands project in Canada on December 20, 2025, which remains on budget with forecast growth capital expenditure of US$850 million to first oil.
This update highlights that Blackrod Phase 1, holding 259 million barrels of oil equivalent of 2P reserves and regulatory approval for up to 80,000 barrels per day, is now expected...