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 > Our past

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Comment by kavern23on Nov 23, 2021 11:09pm

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Post# 34160009

RE:Our past

This is the paragraph I focus on...the future which is PROP again
The second half 2017 Peace River program is currently producing approximately 2,100 boe per day gross production (1,200 boe per day net working interest). All 12 wells were on production by mid-December 2017. Per well results are consistent with expectations and reconfirm the upside we see within the heart of our acreage.

And this time we will have good oil prices when OBE puts new PROP wells online...

Kramerkarma wrote:
https://www.newswire.ca/news-releases/obsidian-energy-announces-year-end-2017-financial-and-operational-results-and-proposed-common-share-consolidation-676091553.html

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