Q1 2026 International Petroleum Corp Earnings Call Transcript
The following slide, as shown on the production graph on Slide 3 here, IPC delivered flat production, really at the high end of our guidance in the first quarter with overall strong performance across all the assets in the portfolio. So I'll touch on more detail on each of the assets' performance later on in the presentation.
Moving on, we're very strongly positioned to deliver within our CMD production forecast range of 44,000 to 47,000 barrels of oil equivalent per day. Drawing your eyes to the bottom of the production chart on this slide, 2026 is really a story of two tales here, with forecast production volumes expected to rise materially at the back end of the year with Blackrod Phase 1 oil production set to come online. In addition to some of the incremental capital adds fast payback projects we've also added in, this will be contributing more so at the back end of this year for production rates. Our production mix is weighted to 60% towards Canadian crude, which is tied to WCS pricing, 10% to Brent-linked
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