Delek Group Ltd. Expands Portfolio with InPlay Oil Corp. Share Acquisition

Tel Aviv, Israel, August 5, 2025 — Delek Group Ltd., an independent exploration and production company listed on the Tel Aviv Stock Exchange, has announced a significant expansion of its oil and gas portfolio through the acquisition of shares in InPlay Oil Corp. The transaction involves the purchase of 9,139,784 common shares from Obsidian Energy Ltd. at a price of $10.00 per share, totaling an aggregate purchase price of $91,397,840 CAD.

This strategic move aligns with Delek Group’s ongoing efforts to diversify and strengthen its presence in the global energy sector. The company, which primarily operates in the oil, gas, and consumable fuels industry, has a market capitalization of 12,680,000,000 ILS and a price-to-earnings ratio of 11.68. Delek Group’s operations extend beyond Israel, with stakes in the Israeli natural gas fields and activities in the United States, including the operation of gasoline convenience stores, a crude oil pipeline, and a refinery.

Doug Bartole, President and CEO of InPlay Oil Corp., expressed enthusiasm about the partnership, stating, “We are thrilled to welcome the Delek Group to our organization as part of their impressive oil and gas portfolio.” This acquisition marks a significant milestone for InPlay Oil Corp., enhancing its strategic alliances and operational capabilities.

The transaction was formalized through a definitive agreement between Obsidian Energy Ltd. and Delek Group Ltd., underscoring the latter’s commitment to expanding its influence in the energy market. This acquisition is expected to bolster Delek Group’s competitive edge and contribute to its long-term growth objectives.

For more information about Delek Group Ltd. and its operations, visit their website at www.delekdrilling.com .