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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

Comment by Moemoney42on Apr 13, 2022 11:42am
134 Views
Post# 34600540

RE:RE:RE:NR Thoughts.

RE:RE:RE:NR Thoughts.I've experienced plays that companies have drilled and produced bad results, only to throw cold water on the play, meanwhile, all along they were picking up land at a steal with competition walking away from the area.. once said company completed acquiring the land/ drill rights they drilled spectacular wells.. and the competition couldn't get a position as the land was already tied up.. food for thought..?
JohnJBond wrote: You are quite right that they didn't need to say anything about that Clearwater well.

Prior to this was the non-operated clearwater well drilled on their land - which they have said nothing about.

Its a good point - why talk about it at all?


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