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Obsidian Energy Ltd T.OBE

Alternate Symbol(s):  OBE

Energy Oil & Gas E&P Energy
Obsidian Energy Ltd. is a Canada-based exploration and production company. The Company operates in one segment, to explore for, develop and hold interests in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin directly and through investments in securities of subsidiaries holding such interests. It has a portfolio of assets producing around 35,700 barrels of oil equivalent (boe) per day. Its operating areas include Cardium, Peace River and Viking areas of Alberta. Its Cardium asset is a fully delineated and de-risked asset. It is focused on manufacturing repeatable low-decline and high-netback light-oil wells across its Cardium land base. The Viking is a light oil, horizontal development play located in central Alberta. Its operations are focused on the Esther area. Peace River is a stable, cold-flow, base production asset. It operates on a contiguous and an acreage within the heart of the Peace River Oilsands region.


TSX:OBE - Post by User

Obsidian Energy Ltd > Islander and Pekisko
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Post by JohnJBondon Jun 23, 2024 11:53am
218 Views
Post# 36102229

Islander and Pekisko

Islander and PekiskoIf you know anything about Islander Oil and Gas, and their Pekisko oil wells in the Peace river, please share.

Islander is a small private company (5000-6000 boe) drilling good oil wells in the Pekisko formation (about 400-500 ft deeper than the Bluesky).

Their best wells (500+ boe) are sandwiched between OBE land to the North, and OBE's new Woodcote land to the South.

These wells are single latteral horizontals, that appear to produce at higher rates than Clearwater and bluesky wells with 8X ish more latterals.

Questions that come to mind.

How is Islander completing these wells?

How widely are these Pekisko wells distributed in this area?

How likely is it that OBE has meaningful Pekisko resources below its clearwater or bluesky wells/land?

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