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 > Good, the bad, the ugly from Q1

<< Previous

Bullboard Posts

Next >>

Comment by kavern23on May 04, 2022 11:48pm

140 Views

Post# 34657502

RE:RE:RE:Good, the bad, the ugly from Q1

Obe has 8 wells licensed in Esther Viking.
I would estimate they budget 10m for 8.
Total production add would be 1200 boe (80-90 percent oil) for first 90 days.
at these prices should be able to pay well off in 3 months...then have 5-11 more decent production months and then can level at 10-40 boe. Bad when commodity prices are low but work well right now.

quote=Kramerkarma]
what are the viking wells like cost and on the oil/gas and ip 30/90[/quote]

<< Previous

Bullboard Posts

Next >>

Canadian government to fund Electric Royalties portfolio property