International Petroleum Corporation announced production results for the first quarter ended March 31, 2024. Average net production of approximately 48,800 boepd for the first quarter of 2024 was above the high end of the guidance range for the period (51% heavy crude oil, 16% light and medium crude oil and 33% natural gas). Heavy Crude Oil production was 24.9 Mbopd compared to 26.6 Mbopd a year ago.

Light and Medium Crude Oil production was 7.9 Mbopd compared to 9.5 Mbopd a year ago. Conventional Natural Gas production was 96.0 MMcf (16.0 Mboe) per day compared to 99.9 MMcf (16.7 Mboe) per day a year ago.