Obsidian Energy Ltd.

Obsidian Energy Ltd. announces that it has successfully closed the previously announced private placement offering of $127.6 million aggregate principal amount of 11.95 percent five-year senior unsecured notes due July 27, 2027 . In connection with the private placement of the Notes, Obsidian Energy also entered into a new $175.0 million revolving syndicated credit facility and a new $30.0 million non-revolving term loan [...]

Obsidian Energy Ltd. announces that it has entered into an underwriting agreement to sell, on a private placement basis, $127.6 million aggregate principal amount of 11.95 percent five-year senior unsecured notes due July 27, 2027 . The Notes will be issued at a price of $980.00 per $1,000.00 principal amount to receive aggregate gross proceeds of approximately $125 million. The Notes will be direct senior unsecured [...]

Proposed issuance of up to $125.0 million five-year senior unsecured notes Proposed new syndicated credit facilities provide up to $225.0 million of available capacity Obsidian Energy Ltd. announces the proposed private placement of senior unsecured notes and proposed new syndicated credit facilities. Obsidian Energy intends to undertake a proposed private placement of five-year senior unsecured notes in the amount of up [...]

Highest average quarterly production level since 2017 at 31,575 boe/d in the second quarter First half development program completed with strong results Obsidian Energy Ltd. announces our preliminary second quarter 2022 results and an extension to our syndicated credit facility to July 29, 2022, to accommodate timing associated with our debt refinancing. "We continued our enhanced level of activity during the second [...]

New corporate presentation and management webcast available for replay on website Obsidian Energy Ltd. is pleased to announce that at its annual and special meeting of shareholders held on June 16, 2022, Obsidian Energy's shareholders approved all resolutions outlined in the Notice of 2022 Annual and Special Meeting and Management Proxy Circular dated May 4, 2022 , which is available on SEDAR at www.sedar.com, on EDGAR at [...]

2022 guidance increased to an average production range of 31,500 to 32,500 boe/d based on expanded capital development program Second half 2022 four-rig drilling program includes 38 operated wells of which 26 wells are expected to be on production by year-end Full year 2022 activity combined with our preliminary 2023 forecast increases 2023 average production to between 37,000 and 38,000 boe/d, a 52 percent increase over [...]

Syndicated credit facility revolving period extended to July 15, 2022, to accommodate timing of debt refinancing Return to development drilling in Viking area Obsidian Energy Ltd. announces the extension of the revolving period in our syndicated credit facility to July 15, 2022, to accommodate timing associated with debt refinancing. We are also pleased to announce the return to development drilling in our Viking area [...]

Strong first quarter average production of 29,407 boe/d; current production further grew to 33,000 boe/d based on recent drilling success Active first half four-rig drilling program with 19 operated wells rig-released in the quarter and 14 wells now on production Strong production rates from new Peace River wells from late 2021 and early 2022 programs 2022 production range further increased by 200 boe/d to between 30,300 [...]

Obsidian Energy Ltd. announces that we expect to release our first quarter 2022 financial and operational results before North American markets open on Wednesday, May 4, 2022. 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 [...]

All 2021 development drilling program wells on production 8 wells from 2022 first half development program on production with an additional 7 expected in the second quarter 2022 production guidance range increased by 1,000 boe/d to 30,100 to 31,100 boe/d with first quarter production of approximately 29,400 boe/d Acquisition of 14 sections of Peace River land prospective for Bluesky and Clearwater opportunities [...]