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 > Not a Fan of the update

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Comment by JohnJBondon Jun 16, 2022 3:56pm

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Post# 34762499

RE:Not a Fan of the update

It may be your position that OBE's Viking wells are more expensive and slower than all of their competitors.

Today's presentation states the Viking wells have a payback of 0.6 years (thats 219 days, or 7 months and 9 days).

In simple terms, it means if they spend a million on a Viking well, that million is back in their bank account just over 7 months later.     After that its all free money!

They stated their Viking wells have an internal rate of return of 220%

Which of thier competitors are getting more than 220% IRR from Viking wells?

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