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IPC increases capex a minimum 265% to $146-166MM range
International Petroleum Corp., the mid-2017 Lundin Petroleum spinoff that trades on Nasdaq Stockholm and the Toronto Stock Exchange, released a 2019 capital expenditure budget of $146-166 million, which would quadruple its 2018 spending of $40 million. The multi-region IPC will work on the Keruing exploration well and other optimization work in Malaysia, and a return to its Vert La Gravelle development in France. In Canada, it will continue its Suffield, Onion Lake and Blackrod projects. IPC expects average net production......
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