Obsidian Energy Ltd. announces that it received notification on September 18, 2018 from the New York Stock Exchange that Obsidian Energy is no longer in compliance with one of the NYSE's continued listing standards because the average closing price of Obsidian Energy's common shares was less than US$1.00 per share over a consecutive 30 trading day period. As of September 14, 2018, the average closing price of Obsidian [...]
CALGARY, Aug. 2, 2018 /CNW/ - Obsidian Energy Ltd. is pleased to announce its financial and operational results for the three and six months ended June 30, 2018. All figures are in Canadian dollars unless otherwise stated. David French, President and CEO commented, "The second quarter of 2018 was a relatively quiet one for development, as we took advantage of seasonal breakup to prepare for our second half drilling [...]
CALGARY, July 17, 2018 /CNW/ - Obsidian Energy Ltd. is expected to release its second quarter 2018 financial and operating results on August 2, 2018 before North American markets open. In addition, the second 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 [...]
CALGARY, June 4, 2018 /CNW/ - Obsidian Energy Ltd. is pleased to announce an additional $50 million of 2018 Cardium development capital, following up on our recent success in the Willesden Green play fairway. David French, President and CEO commented, "We are entering a new stage of development by fast tracking our Cardium drilling in Willesden Green. Our recent results, material acreage position, and low base decline [...]
CALGARY, May 11, 2018 /CNW/ - Obsidian Energy Ltd. is pleased to announce that at its annual and special meeting of shareholders held on May 11, 2018, Obsidian Energy's shareholders approved all resolutions outlined in the Notice of 2018 Annual and Special Meeting and Management Proxy Circular dated April 6, 2018 , which is available on SEDAR at www.sedar.com, on EDGAR at www.sec.gov, and on Obsidian Energy's website at [...]
CALGARY, May 11, 2018 /CNW/ - Obsidian Energy Ltd. is pleased to announce its financial and operational results for the three months ended March 31, 2018. All figures are in Canadian dollars unless otherwise stated. David French, President and CEO commented, "Obsidian Energy had another solid quarter of drilling success, especially with momentum building in Willesden Green where our results continue to exceed [...]
CALGARY, May 1, 2018 /CNW/ - 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 stock. The Company had received notification regarding the price deficiency on March 12, 2018. The NYSE requires that the average closing price of a listed company's common stock be no less than [...]
CALGARY, AB and GREENWICH, CT, April 6, 2018 /CNW/ - Obsidian Energy Ltd. and FrontFour Capital Group LLC today announced that they have found common ground and entered into a settlement agreement , pursuant to which FrontFour will nominate two directors to be put forth for election to the Board of Directors at the Company's 2018 Annual and Special Meeting . Two of FrontFour's previously announced director nominees [...]
Long-Standing, Substantial Shareholder Seeks to Bring Technical Expertise, Oversight and Accountability to Help Steward Asset Optimization Strategy Current Board Has Overseen Significant Value Destruction While Massively Underperforming All Relevant Industry Indices Obsidian's Recently Announced Strategic Review Validates FrontFour's Strategy, is Highly Reactionary and Represents Yet Another About-Face on Strategy [...]
-- Launches Sale Process for Alberta Viking Assets; Ongoing Discussions with CIC Regarding Disposition of PROP; Plans to Use Any Sale Proceeds to Fund Cardium Growth, Reduce Debt and Buy Back Shares -- CALGARY, April 2, 2018 /CNW/ - Obsidian Energy Ltd. has retained RBC Capital Markets to explore a potential sale of the Company's Alberta Viking assets and is engaged in ongoing discussions with China Investment Corporation [...]
CALGARY, March 20, 2018 /CNW/ - Obsidian Energy Ltd. comments on FrontFour Capital Group LLC's intention to nominate four candidates to stand for election at the Company's 2018 Annual General Meeting. Jay Thornton, Chairman of the Obsidian Energy Board of Directors , commented, "We are disappointed that after several months of attempting to work constructively with FrontFour, including the addition of Gord Ritchie to the [...]
Announces Intention to Nominate Four Highly Qualified Board Candidates for Election at Obsidian's 2018 Annual General Meeting Outlines Central Tenets of Value Creation Strategy Sets the Record Straight on Rejected Settlement Offer From Obsidian GREENWICH, Conn., March 20, 2018 /PRNewswire/ -- FrontFour Capital Group LLC together with its affiliates, a significant shareholder of Obsidian Energy Ltd. , today issued an open [...]