Obsidian Energy Ltd.

Reserve values increased by more than 50 percent across all categories with total proved plus probable of approximately $1.8 billion Reserve replacement of 214 percent, 310 percent and 317 percent of 2021 production on a proved developed producing, total proved and total proved plus probable basis, respectively Proved plus probable F&D costs of $10.27 per boe generated a proved plus probable operating recycle ratio of 3.2 [...]

Obsidian Energy Ltd. is pleased to announce that the NYSE American LLC has approved the listing of the Company's common shares on the NYSE American stock exchange. The common shares will begin trading on the NYSE American on January 31, 2022, under the trading ticker symbol "OBE". In association, trading in the Company's common shares on the OTCQX market exchange will be suspended at the end of trading on January 28 [...]

Initial 2022 capital program of $143 to $149 million with opportunity for second half expansion 19 well Cardium drilling program builds on 2021 success 10 wells planned in Peace River, including four Clearwater appraisal wells Free cash flow generation of $166 million expected at WTI US$75/bbl Obsidian Energy Ltd. is pleased to announce our 2022 guidance, building on our successful drilling results in the Cardium while [...]

Obsidian Energy Ltd. is pleased to announce the reconfirmation of our syndicated credit facility with no changes to our revolving period. As previously disclosed, the Company had a revolving period reconfirmation date on January 17, 2022, whereby, on or prior to such date, the lenders may have accelerated the end of the revolving period of our credit facility to February 1, 2022. In this case, the end date of the term-out [...]

Obsidian Energy Ltd. is pleased to announce that the Company has applied for listing on the NYSE American. With an extensive U.S. shareholder base, we believe that, upon approval of our listing application on the NYSE American, this listing has the potential to improve liquidity by increasing investors' ability to invest in Obsidian Energy. "Our shareholders have expressed their desire for the Company to relist on a [...]

Obsidian Energy Ltd. announced that we have completed the one-time adjustment of our syndicated credit facility effective December 31, 2021. Our aggregate commitment amount is now $366.8 million adjusted from the previous amount of $415.0 million. The Company's syndicated credit facility included a one-time adjustment to reduce our undrawn availability to $35.0 million effective December 31, 2021, with any borrowing [...]

2021 development drilling program successfully completed on schedule Obsidian Energy Ltd. is pleased to provide an operational update on our second half 2021 development program with all drilling activity completed on schedule. We expect our full year 2021 average production to be approximately at the low end of the range of our guidance based on preliminary estimates, which reflects a minor delay in the closing of our [...]

Obsidian Energy Ltd. announced that our semi-annual borrowing base redetermination has been completed, resulting in a $35 million increase to our revolving syndicated credit facility from $225 million to $260 million. The Company has a reserve-based syndicated credit facility with an aggregate amount available under the syndicated credit facility of $415 million, which now consists of a $260 million revolving credit [...]

Obsidian Energy Ltd. is pleased to announce it has closed its previously announced acquisition of the remaining 45 percent interest in the Peace River Oil Partnership asset through a wholly-owned subsidiary . "We're extremely pleased to have successfully completed this acquisition," said Stephen Loukas, Obsidian Energy's Interim President and CEO. "With full ownership and the current favorable commodity price outlook, we [...]

Obsidian Energy Ltd. is pleased to announce it has closed its previously announced marketed public offering of subscription receipts at a price of $4.40 per Subscription Receipt for aggregate gross proceeds of approximately $25.9 million . The Offering was conducted on a "best efforts" agency basis by a syndicate of agents . The Agents exercised in full the 15 percent over-allotment option granted to them in conjunction [...]