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 [...]
Strong 2020 operational performance drives improved cost metrics and debt reduction Robust well results to date from first half 2021 development program 2021 capital budget set at $127 million with decommissioning budget of $8 million Obsidian Energy Ltd. is pleased to report strong operating and financial results for the fourth quarter and full year 2020. Three months ended December 31 Year ended December 31 2020 2019 [...]
Maturity dates of both credit facility and senior notes extended to November 2022 Obsidian Energy Ltd. is pleased to announce that the Company has executed amending agreements to extend both our syndicated credit facility and senior notes maturity date to November 30, 2022. "We are very pleased with the successful completion of our extension," said Stephen Loukas, Obsidian Energy's Interim President and CEO. "With the [...]
Obsidian Energy Ltd. announces an extension of our syndicated credit facility to March 31, 2021 and provides a hedging update. CREDIT FACILITY EXTENSION The Company has entered into an agreement with lenders to extend our syndicated credit facility to March 31, 2021. The syndicated credit facility has an underlying borrowing base of $550 million with $450 million available to be drawn; both amounts remain unchanged. Under [...]
Total 1P and 2P reserves and reserve life indices increased over 2019 Cardium asset reserves replaced 149 percent and 164 percent of associated 2020 production on a 1P and 2P basis, respectively Strong future growth potential with 18 percent increase in undeveloped reserve locations and 27 percent increase in Cardium specific locations Obsidian Energy Ltd. is pleased to announce its independent reserves evaluation for the [...]
Obsidian Energy Ltd. announces the extension of our syndicated credit facility to February 26, 2021 and provides an operational update on recent drilling and hedging activities. CREDIT FACILITY EXTENSION The Company has entered into an agreement with lenders to extend our syndicated credit facility to February 26, 2021. The syndicated credit facility has an underlying borrowing base of $550 million with $450 million [...]
• Offer to purchase Bonterra extended to March 29, 2021, allowing Bonterra shareholders to assess the relative performance of the two companies' fourth quarter and year end 2020 results • Obsidian Energy draws attention to questionable trading activity of Bonterra CEO Obsidian Energy Ltd. , today announced that it has extended the expiry of its offer to purchase all of the issued and outstanding common shares of [...]
• Offer to purchase Bonterra extended to March 29, 2021, allowing Bonterra shareholders to assess the relative performance of the two companies' fourth quarter and year end 2020 results • Obsidian Energy draws attention to questionable trading activity of Bonterra CEO Obsidian Energy Ltd. , today announced that it has extended the expiry of its offer to purchase all of the issued and outstanding common shares of [...]
Combination Creates a Stronger Company with a Far Superior Future Markets are rewarding Consolidation with Share Price Appreciation Obsidian Energy Ltd. today provided Bonterra Energy Corp. shareholders with compelling reasons why combining Bonterra and Obsidian Energy is in their best interests through increased shareholder value. "Our in-depth financial and operational analysis clearly shows that the value as a combined [...]
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