Obsidian Energy Ltd T.OBE

Alternate Symbol(s): OBE

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

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Comment by makedonkaon Jul 08, 2018 11:41am

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Post# 28285083

RE:OBE Drilling

makedonka wrote: They should be drilling the Cardium at this point... We will have more clarity in upcoming Q2 ER.

"pleased to announce an additional $50 million of 2018 Cardium development capital, following up on our recent success in the Willesden Green play fairway."

This is no chump change... We should have some interesting results given the quality of the wells drilled earlier this year.

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Note to Franko:

You have been working too hard, Franko! Overtime today?? Too much work can take a toll on your health... You may need a break... Any cross country bike rides in your plans for this summer?

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@ the Bell: TSX advances to start off Christmas trading week