TORONTO, Feb. 10, 2026 (GLOBE NEWSWIRE) -- International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) today released its financial and operating results and related management's discussion and analysis (MD&A) for the three months and year ended December 31, 2025. IPC is also pleased to announce its 2026 budget, with the focus on finalizing the development of the Blackrod Phase 1 project in Canada. As previously announced, IPC achieved first steam injection at the Blackrod Phase 1 project in December 2025 and continues to forecast first oil in Q3 2026, a quarter earlier than originally guided. IPC's 2026 capital and decommissioning expenditure budget is USD 122 million and its 2026 average daily production guidance is between 44,000 and 47,000 barrels of oil equivalent (boe) per day (boepd). 2025 year-end proved plus probable (2P) reserves are 521 million boe (MMboe) and best estimate contingent resources (unrisked) are 1,224 MMboe. ( 1)(2)