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.

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Obsidian Energy Ltd

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Post by kavern23on Aug 03, 2021 11:18am

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Post# 33642298

Another well spudded...

On Sunday August 1....another well spudded in Pembina. This would be the second of a three well pad. According to last release...other well should be able to be done in August and this pad can get completed after. This is close to the Inplay Oil nice wells.

00/07-13-047-10W5/0 OBE HZ PEMBINA 7-13-47-10 0500282 0Y52 Precision Drilling Corporation 220 01 Aug 2021 12:00:00 AM Drayton Valley 0BP8 Obsidian Energy Ltd. Drill To LD

And other rig is still drilling in Crimson that supudded on July 25. These usually take 10-12 days per well.

Things are shapping up nicely that we will start to have pads to increase production further.

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