Obsidian Energy Ltd.

Obsidian Energy Ltd. announces that the purchase and sale agreement providing for the sale of our 55 percent interest in the Peace River Oil Partnership to a third party has been terminated. In order for the sale to proceed, the consent to the transfer of our Partnership units and the transfer of operatorship of the Partnership was required, however, the consents for these transfers were not obtained and the agreement was [...]

 Obsidian Energy Ltd. is pleased to announce its financial and operational results for the three and six months ended June 30, 2019. All figures are in Canadian dollars unless otherwise stated. Michael Faust, Interim President and CEO commented "Throughout the second quarter of 2019 we made significant progress on our top priorities: improving our balance sheet, maintaining strong operational results, and making headway [...]

 Obsidian Energy Ltd. announces the extension of the Company's syndicated credit facility with the underlying borrowing base and amount available under the syndicated credit facility remaining at $550 million and $460 million, respectively. The revolving period ends on February 28, 2020 with revolving period reconfirmation dates on November 19, 2019 and January 20, 2020. Under the agreement, the term-out period is [...]

Obsidian Energy Ltd. announces reporting date of its second quarter 2019 financial and operational results. Obsidian Energy expects to release its second quarter 2019 financial and operational results before North American markets open on Wednesday, August 14, 2019. In addition, the second quarter management's discussion and analysis and the unaudited consolidated financial statements will be available on our website at [...]

Obsidian Energy Ltd. received notification from the New York Stock Exchange that we have regained compliance with the NYSE's continued listing standard regarding the price of Obsidian Energy's common shares. The Company had received notification regarding the price deficiency on September 18, 2018. In an effort to regain compliance, the Company filed articles of amendment on June 5, 2019 to consolidate the common shares [...]

Obsidian Energy Ltd. announces the Company's banking syndicate has extended the syndicated credit facility redetermination date until August 30, 2019 as we progress through the necessary provisions in regard to the Peace River Oil Partnership disposition and continue to evaluate the potential of an unsecured bond offering, which remains subject to market conditions and acceptable terms. The borrowing base under the [...]

Obsidian Energy Ltd. is pleased to announce that at its annual and special meeting of shareholders held on June 5, 2019, Obsidian Energy Ltd.'s shareholders approved all resolutions outlined in the Notice of 2019 Annual and Special Meeting and Management Proxy Circular dated April 15, 2019 , which is available on SEDAR at www.sedar.com, on EDGAR at www.sec.gov, and on Obsidian Energy Ltd.'s website at [...]

Obsidian Energy Ltd. announces the Company's banking syndicate has extended the syndicated credit facility redetermination date until June 30, 2019 as the Company completes marketing of its previously announced unsecured bond offering and as our partner progresses through its right of first refusal and tag-along provisions in regard to the Peace River Oil Partnership disposition. The completion of an unsecured bond [...]

Obsidian Energy Ltd. is pleased to announce the following: Fixed Income Investor Meetings Obsidian Energy Ltd. has engaged Pareto Securities to arrange fixed income investor meetings in conjunction with a potential unsecured bond issuance. Following these meetings, and subject to market conditions and acceptable terms, a 5-year senior unsecured bond issue of up to US$100 million may take place. The proceeds from the Bond [...]

Obsidian Energy Ltd. is pleased to announce it has signed a purchase and sale agreement to sell its 55% working interest in the Peace River Oil Partnership for total consideration of approximately $97 million, before normal closing adjustments. Total consideration includes $85.8 million in cash and cash equivalents, with the remainder comprised of purchasers' shares and the present value of additional liabilities. The [...]