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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

Post by kavern23on Jan 24, 2022 8:41pm
179 Views
Post# 34356200

Webcast...

Webcast...I regret not being able to ask questions at the webcast.
Stupid reason but I am serious, I signed in as "Willy HairyBeaver"

i didnt want Susuan the moderator to see a question coming from that name.

But question I would have asked is if when OBE secures long term financing...does OBE run a fifth rig in Viking in second hald of 2022...if oil is over 75 obviously.

If viking doesnt have value on the market....then high oil prices it should be developed.

The type of rigs used in the viking are small singles that savanna and pd have oddles of those rigs sitting.

Or instead of this...maybe number in Prop for a total of 5.

If OBE wants to hit 40,000 BOE plus in next 3 years in needs 5 prob.
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