Peace River assets drive corporate production growth to 50,000 boe/d in 2026, while maintaining 25 percent flat annual corporate decline rate Peace River area production growth to 24,000 boe/d in 2026 from current rate of 6,600 boe/d, resulting in a nine percent increase in our total liquids weighting to 76 percent Plan generates $291 million of free cash flow from 2024 to 2026 at US$75.00/bbl WTI 2023 capital budget [...]
Obsidian Energy Ltd. further to our press release earlier today, please be advised our presentation at 4:00 p.m. ET on Tuesday, September 12, 2023 at the Peters & Co. Limited 27th Annual Energy Conference will not be live webcast but a recording will be available post the event on our website. ADDITIONAL READER ADVISORIES FORWARD-LOOKING STATEMENTS This news release contains forward-looking statements or information [...]
Obsidian Energy Ltd. announces that we will be participating in the Peters & Co. Limited 27th Annual Energy Conference from Tuesday, September 12 to Thursday, September 14, 2023 in Toronto, Ontario at the Ritz-Carlton Hotel. Stephen Loukas, President and CEO will discuss the Company in a presentation at 4:00 p.m. ET on Tuesday, September 12, 2023. Mr. Loukas along with Peter Scott, Senior Vice President and Chief [...]
Obsidian Energy Ltd. today announced completion of its previously announced offer to purchase for cash, up to an aggregate amount of $5.0 million of our outstanding 11.95 percent Senior Unsecured Notes due July 27, 2027 . The Offer expired on August 14, 2023, and was made on the terms and subject to the conditions set forth in the Offer to Purchase dated August 3, 2023 . The Offer was oversubscribed, with approximately [...]
Obsidian Energy Ltd. announces that we will be participating in the 2023 EnerCom Denver Energy Investment Conference from Tuesday, August 15 to Wednesday, August 16, 2023, in Denver, Colorado at the Westin Denver Downtown Hotel. Peter Scott, Senior Vice President and Chief Financial Officer, will be presenting at 10:30 a.m. MDT on Tuesday, August 15, 2023, followed by a 50-minute breakout session. Mr. Scott will also be [...]
Final Call for One-on-One Meeting Requests for all Companies by Institutional Investors, Portfolio Managers, Financial Analysts, CIOs, and Other Investment Industry Professionals. World Class Energy Companies to Present; Presentation Times and Schedule for All Participating Companies Now Posted on the Conference Website www.enercomdenver.com Investors, Analysts, and Energy Industry Professionals Can Still Register to [...]
Obsidian Energy Ltd. today announced that we have commenced an offer to purchase for cash, up to an aggregate amount of $5.0 million of our outstanding 11.95 percent Senior Unsecured Notes due July 27, 2027, CUSIP Nos. CA674482AA25 , CA674482AB08 and CA674482AC80 , ISINs 674482AA2 , 674482AB0 and 674482AC8 , as disclosed in our second quarter 2023 results. As of August 3, 2023, $123.5 million aggregate principal amount of [...]
Generated funds flow from operations of $87.4 million during the quarter, resulting in free cash flow of $43.0 million Achieved robust production results from 11 new wells drilled on the western side of our Viking play, reaching an average daily peak rate per well of 293 boe/d for the program Enhanced liquidity with a $40.0 million increase to our syndicated credit facility, providing us additional financial flexibility [...]
Presentation Times and Schedule for All Participating Companies Now Posted on the Conference Website www.enercomdenver.com - Presenting Companies Continue to be Added Investor One-on-One Meeting Requests for All Companies Now Open for Institutional Investors, Portfolio Managers, Financial Analysts, CIOs, and Other Investment Industry Professionals Investors, Analysts, and Energy Industry Professionals Can Still Register [...]
Obsidian Energy Ltd. announces that we expect to release our second quarter 2023 financial and operational results before North American markets open on Wednesday, August 2, 2023. 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 or [...]
Investors, Analysts, and Energy Industry Professionals Can Still Register to Attend EnerCom Denver - The Energy Investment Conference at www.enercomdenver.com Emerging Energy Technology and Energy Transition Companies are Invited to Present at EnerCom Denver EnerCom, Inc. announced today that institutional investors, portfolio managers, financial analysts, CIOs and other investment industry professionals registered for [...]
EnerCom Denver conference will kick off with the annual Charity Golf Tournament on Sunday, August 13th sponsored by conference Global Sponsor Netherland, Sewell & Associates, EnerCom, Studio X and SLS Group Hole-in-One contest sponsored by SLS Group includes a 2023 Porsche Macan prize Registration is now open for the 28th annual EnerCom Denver - The Energy Investment Conference that brings together a growing list of [...]