Obsidian Energy Ltd. announces that we have?filed with Canadian securities regulatory authorities our audited Consolidated Financial Statements for the year ended December 31, 2019 and related Management's Discussion and Analysis. ?Obsidian Energy has also filed our Annual Information Form for the year ended December 31, 2019, which includes the disclosure and reports relating to reserves data and other oil and gas [...]
Met or Exceeded all 2019 Guidance Metrics Achieved Significant Reduction in Undiscounted Asset Retirement Obligations During 2019? Strong Continued Operational and Development Results Year to Date Obsidian Energy Ltd. is pleased to announce our year-end 2019 financial and operational results, development program updates, and an update on our US listing. All figures are in Canadian dollars unless otherwise stated. Obsidian [...]
Obsidian Energy Ltd. is pleased to announce completion of agreements with our lenders and building landlord. All figures are in Canadian dollars unless otherwise stated. Further to our recent announcements, the Company has executed final agreements resulting in the renewal of our syndicated credit facility, amendments to our senior notes and renewed terms on our Calgary office lease. All terms are consistent as previously [...]
Obsidian Energy Ltd. announces further to our press release on March 4, 2020 that we have reached an agreement with our noteholders to amend the senior note agreements to align all note maturity dates to November 30, 2021. In addition, the Company has reached an agreement with its building landlord on renewed lease terms for its Calgary office space. Specifically, the senior note maturities have been adjusted as follows [...]
Obsidian Energy Ltd. announces that, further to our press release on February 27, 2020, we have reached an agreement with our syndicated credit facility lenders to extend the date by which certain conditions are required to be met from March 4, 2020 to March 13, 2020. Those conditions include: the maturity dates of the Company's outstanding senior notes due on March 16, 2020, May 29, 2020 and December 2, 2020, totaling [...]
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 set at $550 million and $450 million, respectively, subject to specific items being amended as discussed below. The amount available under the syndicated credit facility has been reduced by $10 million to the aforementioned $450 million level [...]
CALGARY, Feb. 6, 2020 /CNW/ - Obsidian Energy Ltd. is pleased to release its year-end 2019 independent reserves evaluation. Stephen Loukas, Interim President and CEO commented, "We are pleased to announce our 2019 reserve results which demonstrates the strength of our dedicated Cardium development strategy, allowing for our reserve auditors to recognize the performance and improved cost efficiency of the program. In [...]
Obsidian Energy Ltd. is pleased to announce its year-end 2019 production numbers as well as the reconfirmation of its existing credit facility. Full Year 2019 Production Full year 2019 production was 26,900 boe/d, within our recent full year guidance range of 26,750 to 27,250 boe/d. Additionally, production in the fourth quarter of 2019 was approximately 26,600 boe/d, with an average December rate of approximately 28,000 [...]
Obsidian Energy Ltd. is pleased to provide an update on our Cardium development program which continues to demonstrate encouraging results as we initiate our 2020 drilling campaign. Additionally, the Company provides the details of recently added hedges to our 2020 program. Cardium Development Program Update All 13 wells from the second half of 2019 were successfully brought online prior to the end of December. Results [...]
Obsidian Energy Ltd. is pleased to announce the appointment of Stephen E. Loukas as Interim President and CEO, effective December 5, 2019. Mr. Loukas will succeed current Interim President and CEO, Michael J. Faust, who will return to his prior position of Independent Director and take on new responsibilities as Chair of the Commercial Committee. Gordon Ritchie, Chairman of the Board of Directors , commented, "I would [...]
Obsidian Energy Ltd. is pleased to announce the appointment of Stephen E. Loukas as Interim President and CEO, effective December 5, 2019. Mr. Loukas will succeed current Interim President and CEO, Michael J. Faust, who will return to his prior position of Independent Director and take on new responsibilities as Chair of the Commercial Committee. Gordon Ritchie, Chairman of the Board of Directors , commented, "I would [...]
Obsidian Energy Ltd. is pleased to announce its financial and operational results for the three and nine months ended September 30, 2019. All figures are in Canadian dollars unless otherwise stated. Michael Faust, Interim President and CEO, commented, "Throughout the third quarter of 2019, Obsidian Energy continued to deliver on our commitments. We continue to operate within our Funds Flow from Operations, production [...]
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