International Petroleum Corporation Corporate Update: Blackrod Phase 1 Commencement of Steam Injection

TORONTO, Jan. 05, 2026 (GLOBE NEWSWIRE) -- International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to provide an update on the Blackrod Phase 1 development in Canada. Following substantial progress on the project achieved during 2025, IPC commenced first steam injection at the Blackrod Phase 1 project on December 20, 2025. As previously announced, IPC forecasts first oil production at the Blackrod Phase 1 project to occur in Q3 2026, a quarter earlier than originally guided.