International Petroleum Management Commentary: Canadian Asset Sale Gain Lifts Q3 2026 Net Result

• International Petroleum Corporation's management commentary attributed Q3 2026 net income of USD 59.9 million partly to Canadian asset sales.
• An asset-sale gain contributed USD 45.23 million; higher oil prices drove a 27% increase in crude oil revenue.
• Production averaged 44,000 barrels of oil equivalent daily, meeting guidance as Blackrod's ramp-up supported Canadian output.
• Operating costs rose to USD 20.91 per barrel of oil equivalent, reflecting Blackrod's ramp-up costs and Malaysian maintenance amid lower production.
• Free cash flow reached USD 27.35 million versus USD 3.9 million in Q2 2026; net debt declined to USD 472.81 million.

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