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
Obsidian Energy Provides Operational Update
Calgary, Alberta--(Newsfile Corp. - September 15, 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 d
2021-09-15 7:00 AM EDT
Obsidian Energy Announces Increased 2021 Production and Capital Expenditure Guidance with Second Quarter 2021 Results
Calgary, Alberta--(Newsfile Corp. - July 29, 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 second quarter 2021.
2021-07-29 5:38 PM EDT
Obsidian Energy Announces Second Quarter Operational Update
Calgary, Alberta--(Newsfile Corp. - July 12, 2021) - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to report strong production results for the second quarter of 2021, supported by our nine-well first half 2021 development program now on stream. Based on preliminary estimates, we expect second quar
2021-07-12 7:00 AM EDT
Obsidian Energy Announces Voting Results from the 2021 Annual and Special Meeting of Shareholders
Calgary, Alberta--(Newsfile Corp. - June 16, 2021) - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that at its annual and special meeting of shareholders held on June 16, 2021, Obsidian Energy's shareholders approved all resolutions outlined in the Notice of 2021 Annual and Special Meeting and Management Proxy Circular dated April 30, 2021 (the "Information Circular"), which is available on SEDAR at www.sedar.com,...
2021-06-16 5:34 PM EDT
Obsidian Energy Announces Change to Board of Directors
Calgary, Alberta--(Newsfile Corp. - June 14, 2021) - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") announces the resignation of Maureen Cormier Jackson and William (Bill) Friley from the Board of Directors (the "Board") effective immediately. Mr. Friley joined the Board in 2015 and Ms. Cormier Jackson joined in 2016. Gordon Ritchie, Chair of the Board, commented, "I would like to thank both Maureen and Bill for their invaluable...
2021-06-14 9:32 PM EDT
Obsidian Energy Announces Early Start to Second Half Development Program and Corporate Update Webcast
Calgary, Alberta--(Newsfile Corp. - June 8, 2021) - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that we expect to start our 23 well, second half 2021 development program two weeks earlier than anticipated. In addition, following our upcoming Annual and Special Meeting on June 16, 2021, we will hold a webcast presentation that provides a corporate update from our Interim Presi
2021-06-08 7:00 AM EDT