Obsidian Energy Ltd.

Obsidian Energy Ltd. today provides an update on the previously announced offer to purchase for cash, up to an aggregate amount of $3.0 million of our outstanding 11.95 percent Senior Unsecured Notes due July 27, 2027 . The Offer expired on March 11, 2025, and was made on the terms and subject to the conditions set forth in the Offer to Purchase dated February 26, 2025. There were no Notes validly tendered prior to the [...]

Obsidian Energy Ltd. is pleased to announce that the Toronto Stock Exchange has accepted Obsidian Energy's notice of intention to renew our normal course issuer bid . The NCIB allows Obsidian Energy to purchase up to 7,144,408 common shares over a period of 12 months commencing on March 3, 2025. On February 17, 2025, Obsidian Energy had 73,684,802 common shares outstanding and 71,444,080 common shares in our public float [...]

Obsidian Energy Ltd. today announced that we have commenced an offer to purchase for cash, up to an aggregate amount of $3.0 million of our outstanding 11.95 percent Senior Unsecured Notes due July 27, 2027, ISINs CA674482AA25 , CA674482AB08 and CA674482AC80 , CUSIP Nos. 674482AA2 , 674482AB0 and 674482AC8 , as disclosed in our year-end 2024 results. As of February 26, 2025, $114.2 million aggregate principal amount of [...]

Obsidian Energy Ltd. announces that it has filed with Canadian securities regulatory authorities its audited Consolidated Financial Statements for the year ended December 31, 2024, and related Management's Discussion and Analysis . Obsidian Energy has also filed its Annual Information Form for the year ended December 31, 2024, which includes the disclosure and reports relating to reserves data and other oil and gas [...]

Capital plan of 38 net operated wells weighted towards Peace River asset, following up on our 2024 development program Initiation of Clearwater waterflood program to support future Peace River growth Obsidian Energy Ltd. is pleased to announce our first half 2025 capital plan and financial guidance that builds on the success of our 2024 program. With six drilling rigs currently in operation, the majority of our first half [...]

Generated $432.0 million of funds flow from operations, representing a 14 percent increase over 2023 representing a 14 percent increase over 2023 Average 2024 production increased 16 percent to 37,474 boe/d over 2023 Repurchased and cancelled six percent of shares outstanding for $41.7 million in 2024 2024 capital program increased production, reserves, and funds flow from operations, and added both Clearwater and Bluesky [...]

Obsidian Energy to receive $220 million in cash, $85 million in equity and a 34.6 percent interest in the Willesden Green Cardium Unit #2 Field, subject to adjustment in certain circumstances Transaction results in significantly reduced debt and enhanced liquidity Positions Obsidian Energy to continue growth and delineation of Peace River asset with additional optionality from remaining light oil business [...]

Reserve replacement of 146 percent, 229 percent and 296 percent of 2024 production on a proved developed producing reserves, proved reserves, and proved plus probable reserves basis, respectively 1P reserve value increased 23 percent on a per share basis to $2.3 billion Added 107 new locations to our 2P Peace River reserves, totalling 160 net locations for the area Obsidian Energy Ltd. is pleased to announce the results [...]

Estimated 2024 average production of approximately 37,450 boe/d exceeded the top end of our guidance range Completion of 2024 capital program provided furthers delineation of Peace River acreage Successful results from first wells drilled in new Peavine and Gift Lake areas in Peace River with the Peavine 8-13 Pad achieving an average 30-day initial production rate of 302 boe/d per well Pembina results exceeded [...]

Higher third quarter funds flow from operations of $124.7 million - a 34 percent increase over the third quarter of 2023 on a per share basis 2024 average production expected to be at the top end of guidance range Robust Clearwater exploration/appraisal drilling results at West Dawson establishes new development field Obsidian Energy Ltd. is pleased to report our operating and financial results for the third quarter of [...]