Worldwide Petroleum Company to Host Bond Investor Conferences

Monday, January 10, 2022, 11:30 p.m. MST

Worldwide Petroleum Company (“IPC” or the “Firm”) (TSX, Nasdaq Stockholm: IPCO) announce that Iit’s planning organizee bond investor conferences within the context of a possible IPresent of assessed senior unsecured bonds on the Nordic bond market. The envisaged bond subject is predicted to be rated B + by S&P International Scores and B1 by Moody’s.

IPC has mandated Arctic Securities and Pareto Securities as joint lead managers and bookkeepers, and SpareBank 1 Markets as co-manager, to arrange a sequence of bond investor conferences as of Tuesday, January 11, 2022. Below topic to market situations, an funding of $ 300 million A 5-year senior unsecured bond subject might observe. The target of the bond subject could be to repay IPC’s current indebtedness below financial institution credit score amenities and for normal company functions.

Worldwide Petroleum Corp. (IPC) is am worldwide oil and fuel exploration and manufacturing firm with a portfolio of top quality belongings positioned in Canada, Malaysia and France, offering a strong basis for natural and inorganic development. IPC is a member of the Lundin Group of Corporations. IPC is included in Canada and IPC’s shares are listed on the Toronto Inventory Alternate (TSX) and Nasdaq Stockholm Inventory Alternate below the image “IPCO”.

For extra info, please contact:

Rebecca GordonVP Company Planning and Investor [email protected] Tel: +41 22 595 10 50 Robert Eriksson Media [email protected] Tel: +46 701 11 26 15

Ahead-looking statements This press launch comprises statements and data that represent “forward-looking statements” or “forward-looking info” (inside the that means of relevant securities legal guidelines). These statements and data (collectively, “forward-looking statements”) relate to future occasions, together with the long run efficiency of the Firm, enterprise prospects or alternatives. Precise outcomes might differ materially from these expressed or implied by forward-looking statements. The forward-looking statements contained on this press launch are expressly certified by this cautionary assertion. Ahead-looking statements converse solely as of the date of this press launch, until in any other case indicated. IPC doesn’t intend and assumes no obligation to replace these forward-looking statements, besides as required by relevant regulation.

All statements apart from statements of historic truth could also be forward-looking statements. Any assertion that expresses or includes discussions concerning predictions, expectations, beliefs, plans, projections, forecasts, instructions, budgets, targets, assumptions or future occasions or efficiency (usually, however not at all times , utilizing phrases or phrases similar to “search”, “anticipate”, “plan”, “proceed”, “estimate”, “count on”, “might”, “will”, “plan”, ” predict “,” predict “,” potential “,” concentrating on “,” intention “,” might “,” might “,” ought to “,” imagine “,” finances “and comparable expressions) are usually not statements of historic truth and could also be “forward-looking statements”. Ahead-looking statements embrace, however are usually not restricted to, statements concerning: IPC’s evaluate of a problem of senior unsecured bonds, the scale and phrases of such bonds, the usage of the proceeds of such bonds , the bond’s credit standing, and IPC’s capacity and timing to finish such subject.

Ahead-looking statements are based mostly on sure key expectations and assumptions made by IPC, together with expectations and assumptions concerning: commodity costs and prevailing change charges; relevant royalty charges and tax legal guidelines; rate of interest; future properly manufacturing charges and volumes of reserves and contingent sources; working prices; the timing of receipt of regulatory approvals; the efficiency of current wells; the success achieved in drilling new wells; the timing and anticipated outcomes of capital expenditures; the adequacy of the capital expenditure budgeted for the belief of the deliberate actions; the timing, location and extent of future drilling operations; profitable acquisitions and divestitures; the advantages of acquisitions; the state of the financial system and exploration and manufacturing actions within the jurisdictions during which IPC does enterprise and world wide; the provision and price of finance, labor and providers; and the power to efficiently market crude oil, pure fuel and pure fuel liquids.

Though IPC believes that the expectations and assumptions on which these forward-looking statements are based mostly are cheap, forward-looking statements shouldn’t be relied upon as a result of IPC can’t assure that they may show to be right. As a result of forward-looking statements take care of future occasions and situations, by their very nature they contain inherent dangers and uncertainties. Precise outcomes might differ materially from these at the moment anticipated attributable to a lot of components and dangers. These embrace, however are usually not restricted to: dangers related to the oil and fuel trade basically, similar to operational dangers related to growth, exploration and manufacturing; delays or adjustments in plans for exploration or growth tasks or capital expenditures; the uncertainty of estimates and projections of reserves, sources, manufacturing, earnings, prices and expenditure; dangers to well being, security and the surroundings; fluctuations in commodity costs; fluctuations in rates of interest and change charges; advertising and transport; lack of markets; environmental dangers; competetion; poor appreciation of the worth of acquisitions; the shortcoming to understand or notice the anticipated advantages of acquisitions or disposals; the power to entry enough capital from inside and exterior sources; failure to acquire required regulatory and different approvals; and adjustments in laws, together with, however not restricted to, tax legal guidelines, royalties and environmental laws. Readers are cautioned that the above listing of things will not be exhaustive.

Extra info on these and different components that might have an effect on IPC, or its operations or monetary outcomes, is included within the Administration’s Dialogue and Evaluation (MD&A) for the nine-month interval ended September 30, 2021 (see “Disclaimer regarding forward-looking info ”hooked up), the Firm’s annual info type for the 12 months ended December 31, 2020 (see“ Warning concerning forward-looking info ”,“ Discover on reserves and sources ”and“ threat ”contained therein) and different stories filed with relevant securities regulatory authorities, together with prior monetary stories, MD&A and materials change stories, which can be considered on the SEDAR web site (www.sedar.com) or on the IPC web site (www.international-petroleum.com).

ForexAll greenback quantities on this press launch are in US {dollars}, until in any other case indicated. References right here to the USD imply the US greenback. References right here to CAD imply Canadian {dollars}.

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