Acquisition to provide additional production and reserves, full operational and funding control Increased third quarter funds flow from operations from higher commodity prices and dedicated focus on managing cost structure Obsidian Energy Ltd. is pleased to announce it has entered into a purchase and sale agreement to acquire the remaining 45 percent partnership interest in the Peace River Oil Partnership asset from our [...]
Production guidance increased to 24,300 - 24,500 boe/d Accelerated three wells from our 2022 program into 2021, remaining within our capital guidance Stephen Loukas employment contract extended to December 31, 2022 Obsidian Energy Ltd. is pleased to provide an update on our continued strong second half development program with two drilling rigs active in our Cardium asset, acceleration of three drills from our 2022 [...]
Second half drilling program proceeding with two rigs active in our Cardium asset Full-year 2021 production tracking to high end of guidance Interim President and CEO Stephen Loukas extended through 2021 Company to present at Peters & Co. Annual Energy Conference on September 16 Obsidian Energy Ltd. is pleased to provide an update on our continued strong second half development program with two drilling rigs active in our [...]
Successful completion of first half and an early start to the second half 2021 drilling program Continued debt paydown and higher funds flow from operations Obsidian Energy Ltd. is pleased to report strong operating and financial results for the second quarter 2021. Three Months Ended June 30 Six Months Ended June 30 2021 2020 2021 2020 FINANCIAL Cash flow from operations 42.2 2.1 70.3 33.5 Basic per share 0.57 0.03 0.95 [...]
First half nine-well drilling program on production in our Willesden Green Cardium asset Second half drilling program underway with two rigs active in our Cardium asset Strong second quarter 2021 preliminary production Obsidian Energy Ltd. is pleased to report strong production results for the second quarter of 2021, supported by our nine-well first half 2021 development program now on stream. Based on preliminary [...]
New corporate presentation and management webcast available for replay on website Obsidian Energy Ltd. is pleased to announce that at its annual and special meeting of shareholders held on June 16, 2021, Obsidian Energy's shareholders approved all resolutions outlined in the Notice of 2021 Annual and Special Meeting and Management Proxy Circular dated April 30, 2021 , which is available on SEDAR at www.sedar.com, on EDGAR [...]
Obsidian Energy Ltd. announces the resignation of Maureen Cormier Jackson and William Friley from the Board of Directors effective immediately. Mr. Friley joined the Board in 2015 and Ms. Cormier Jackson joined in 2016. Gordon Ritchie, Chair of the Board, commented, "I would like to thank both Maureen and Bill for their invaluable contributions during their respective tenures on Obsidian's Board; Maureen as Chair of the [...]
23 well, second half 2021 development drilling program to be underway two weeks early Corporate presentation to be webcast June 16 after the Annual and Special Meeting Obsidian Energy Ltd. is pleased to announce that we expect to start our 23 well, second half 2021 development program two weeks earlier than anticipated. In addition, following our upcoming Annual and Special Meeting on June 16, 2021, we will hold a webcast [...]
Successful completion of nine well, first half 2021 drilling program in Cardium Robust initial well results with first five wells on-stream; completion activity commenced on remaining four wells Free cash flow generation results in lower net debt Obsidian Energy Ltd. is pleased to report strong operating and financial results for the first quarter 2021. Three Months Ended March 31 2021 2020 FINANCIAL Cash flow from [...]
Obsidian Energy Ltd. announces that we expect to release our first quarter 2021 financial and operational results before North American markets open on Friday, May 7, 2021. In addition, the first quarter management's discussion and analysis and the unaudited consolidated financial statements will be available on our website at www.obsidianenergy.com, on SEDAR at www.sedar.com, and on EDGAR at www.sec.gov on or about the [...]
Obsidian Energy Ltd. today announced that we have allowed our offer to purchase all of the issued and outstanding common shares of Bonterra Energy Corp. to expire at 5:00 p.m. on March 29, 2021. "Our business and operational outlook has strengthened significantly as shown by our recently announced year-end 2020 results and positive future outlook," said Stephen Loukas, Obsidian Energy's Interim President and CEO. "In [...]
Obsidian Energy Ltd. announces that it has filed with Canadian securities regulatory authorities its audited Consolidated Financial Statements for the year ended December 31, 2020 and related Management's Discussion and Analysis. Obsidian Energy has also filed its Annual Information Form for the year ended December 31, 2020, which includes the disclosure and reports relating to reserves data and other oil and gas [...]
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