Delek Group Ltd. completed an acquisition of an aggregate of 9,139,784 common shares in the capital of InPlay Oil Corp., pursuant to a share purchase agreement with Obsidian Energy Ltd. dated August 4, 2025.
Delek is an independent E&P and the pioneering visionary behind the development of the East Med. Delek is one of Israel's largest and most prominent companies with a consistent track record of growth.
InPlay Oil Corp. is a growth-oriented, sustainable oil and gas producer with operations centered in the Western Canadian Sedimentary Basin.
Bennett Jones acted for Delek Group on the transaction.
The Bennett Jones team included Elad Travis, Jon Truswell (M&A, Capital Markets), David Rotchtin, Dan Tessaro (Financial Services), Marshall Haughey (Tax), Adam Kalbfleisch and Mercy Liu (Competition/Antitrust/Investment Canada Act).