Obsidian Energy Provides Operational Update and Land Acquisition
Calgary, Alberta--(Newsfile Corp. - April 12, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we
2022-04-12 7:00 AM EDT
Obsidian Energy Confirms Filing of Its 2021 Year End Disclosure Documents
Calgary, Alberta--(Newsfile Corp. - February 24, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE AMERICAN: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that it has filed with Canadian securities regulatory authorities its audited Consolidated Financial Statements for the year ended December 31, 2021 and related Management's Discussion and Analysis. Obsidian Energy has also filed its Annual Information Form for the year ended December 31, 2021, which includes the...
2022-02-24 5:00 PM EST
Obsidian Energy Announces Fourth Quarter and Full Year 2021 Results
Calgary, Alberta--(Newsfile Corp. - February 24, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to report strong operating and financial results for the fourth quarter and full year 2021.
2022-02-24 7:00 AM EST
Obsidian Energy Announces 2021 Reserves Value Increase of over 50 Percent with Year-End Reserves Report
Calgary, Alberta--(Newsfile Corp. - February 7, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("
2022-02-07 7:00 AM EST
Obsidian Energy Announces Listing and Trading on the NYSE American
Calgary, Alberta--(Newsfile Corp. - January 26, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that the NYSE American LLC ("NYSE American") has approved the listing of the Company's common shares on the NYSE American stock exchange. The common shares will begin trading on the NYSE American on January 31, 2022, under the trading ticker symbol "OBE". In association, trading in the Company's common shares on...
2022-01-26 7:00 AM EST
Obsidian Energy Announces 2022 Drilling Program and Guidance as well as Update on Development Program
Calgary, Alberta--(Newsfile Corp. - January 24, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy" or the "Company") is pleased to announce our 2022 guidance, building on our successful drilling results in the Cardium while further expanding activity in Peace River. A total of $143 to $149 million in capital expenditures, plus an additional $14 million in
2022-01-24 7:00 AM EST
Obsidian Energy Announces Reconfirmation of our Syndicated Credit Facility
Calgary, Alberta--(Newsfile Corp. - January 18, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce the reconfirmation of our syndicated credit facility with no changes to our revolving period. As previously disclosed, the Company had a revolving period reconfirmation date on January 17, 2022, whereby, on or prior to such date, the lenders may have accelerated the end of the revolving period of our credit...
2022-01-18 7:00 AM EST
Obsidian Energy Announces Application for Listing on the NYSE American and 2022 Guidance Release Webcast
Calgary, Alberta--(Newsfile Corp. - January 13, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that the Company has applied for listing on the NYSE American. With an extensive U.S. shareholder base, we believe that, upon approval of our listing application on the NYSE American, this listing has the potential to improve liquidity by increasing investors' ability to invest in Obsidian Energy. "Our...
2022-01-13 5:25 PM EST
Obsidian Energy Announces Updates to Our Syndicated Credit Facility and Senior Notes
Calgary, Alberta--(Newsfile Corp. - January 11, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") announced that we have completed the one-time adjustment of our syndicated credit facility effective December 31, 2021. Our aggregate commitment amount is now $366.8 million adjusted from the previous amount of $415.0 million. The Company's syndicated credit facility included a one-time adjustment to reduce our undrawn availability to...
2022-01-11 6:27 PM EST
Obsidian Energy Provides Operational Update
Calgary, Alberta--(Newsfile Corp. - January 6, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to provide an operational update on our second half 2021 development program with all drilling activity completed on schedule. We expect our full year 2021 average production to be approximately at the low end of the range of our guidance (24,600 boe/d to 24,800 boe/d) based on preliminary estimates, which reflects a minor...
2022-01-06 7:00 AM EST
Obsidian Energy Announces Updates to Our Syndicated Credit Facility
Calgary, Alberta--(Newsfile Corp. - November 30, 2021) - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") announced that our semi-annual borrowing base redetermination has been completed, resulting in a $35 million increase to our revolving syndicated credit facility from $225 million to $260 million. The Company has a reserve-based syndicated credit facility with an aggregate amount available under the syndicated credit facility of $415...
2021-11-30 5:51 PM EST
Obsidian Energy Announces Closing of the Peace River Oil Partnership Acquisition
Calgary, Alberta--(Newsfile Corp. - November 24, 2021) - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce it has closed its previously announced acquisition of the remaining 45 percent interest in the Peace River Oil Partnership ("PROP") asset through a wholly-owned subsidiary (the "Acquisition"). "We're extremely pleased to have successfully completed this acquisition," said Stephen Loukas, Obsidian Energy's Interim...
2021-11-24 1:11 PM EST
Obsidian Energy Announces Closing of the Peace River Oil Partnership Acquisition
Calgary, Alberta--(Newsfile Corp. - November 24, 2021) - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce it has closed its previously announced acquisition of the remaining 45 percent interest in the Peace River Oil Partnership ("PROP") asset through a wholly-owned subsidiary (the "Acquisition"). "We're extremely pleased to have successfully completed this acquisition," said Stephen Loukas, Obsidian Energy's Interim...
2021-11-24 1:10 PM EST
Obsidian Energy Announces Completion of Oversubscribed $25.9 Million Prospectus Financing
Calgary, Alberta--(Newsfile Corp. - November 18, 2021) - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce it has closed its previously announced marketed public offering of subscription receipts (the "Subscription Receipts") at a price of $4.40 per Subscription Receipt for aggregate gross proceeds of approximately $25.9 million (the "Offering"). The Offering was conducted on a "best efforts" agency basis by a...
2021-11-18 8:45 AM EST
Obsidian Energy Announces Third Quarter Results with Continued Increasing Funds Flow from Operations
Calgary, Alberta--(Newsfile Corp. - November 8, 2021) - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to report strong operating and financial results for the third quarter 2021.
2021-11-08 7:00 AM EST
Obsidian Energy Announces Pricing and Filing of Amended and Restated Preliminary Prospectus
Calgary, Alberta--(Newsfile Corp. - November 4, 2021) - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that it has filed an amended and restated preliminary short form prospectus (the "Amended and Restated Prospectus") in connection with its previously announced marketed offering (the "Offering") of subscription receipts of the Company ("Subscription Receipts"). The Amended and Restated Prospectus provides that the...
2021-11-04 9:29 AM EDT
Obsidian Energy Announces Up to $22.5 Million Equity Issue
Calgary, Alberta--(Newsfile Corp. - November 2, 2021) - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce it has filed and been receipted for a preliminary short form prospectus with the securities commissions in each of the provinces of Canada, other than Québec, in connection with a "best efforts" marketed equity offering of subscription receipts ("Subscription Receipts") for minimum gross proceeds of $12.5 million...
2021-11-02 4:56 PM EDT
Obsidian Energy Announces Acquisition of 45 Percent Partnership Interest in Peace River Oil Partnership, Up to $22.5 Million Equity Issue and Preliminary Third Quarter 2021 Results
Calgary, Alberta--(Newsfile Corp. - November 2, 2021) - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce it has entered into a purchase and sale agreement (the "Agreement") to acquire the remaining 45 percent partnership interest in the Peace River Oil Partnership ("PROP") asset from our joint venture partner (t
2021-11-02 4:55 PM EDT
Obsidian Energy Announces Acquisition of 45 Percent Partnership Interest in Peace River Oil Partnership Preliminary Third Quarter 2021 Results
Calgary, Alberta--(Newsfile Corp. - November 2, 2021) - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce it has entered into a purchase and sale agreement (the "Agreement") to acquire the remaining 45 percent partnership interest in the Peace River Oil Partnership ("PROP") asset from our joint venture partner (th
2021-11-02 4:55 PM EDT
Obsidian Energy Provides Operational Update with Increased Production Guidance, and Additional Wells to Be Drilled in 2021
Calgary, Alberta--(Newsfile Corp. - October 27, 2021) - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to provide an update on our continued strong second half development program with two drilling rigs active in our Cardium asset, acceleration of three drills from our 2022 program into 2021, and an inc
2021-10-27 8:22 PM EDT