Delek Group completed the acquisition of a minority stake in InPlay Oil from Obsidian Energy for $91m.

Delek Group, an independent exploration and production company specializing in developing major natural gas reserves in the Levant Basin, completed the acquisition of a minority stake in InPlay Oil, a Canadian oil company specializing in oil exploration and production, from Obsidian Energy, a mid-sized Canadian oil and natural gas production company, for $91m. "We identified Canada as a strong and stable jurisdiction for our oil and gas investment, and InPlay stood out with its dynamic team and deep expertise in the Canadian market. InPlay has built a formidable track record through strong operational performance and strategic, accretive acquisitions. We look forward to seeing InPlay's continued growth and continued success," Ehud Erez, Delek Group Chairman.