September 2025 Corporate Update
We are pleased to provide a capital program update highlighting some of the early success from our second half program.

Top Canadian Employer – Again!
We are pleased to announce that we have been recognized as a winner of Canada’s Top Employers: Small and Medium Employers for the second consecutive year – and only oil and gas company that were awarded this distinction. The Top 100 is a competition that recognizes the small and medium enterprises that offer the nation’s best workplaces and forward-thinking human resources policies. You can find out why Obsidian Energy was selected.
Thank you to all our employees for their contributions for making Obsidian Energy consistently a Top Employer in the country and a great place to work.

Leading Performance
We were recognized for Excellent in Growth in the 2024 TSX30 with a 148% 3-year market cap increase and a 142% 3-year dividend-adjusted share price performance.
The TSX30 recognizes the 30 top-performing TSX listed stocks annually, identifying companies who demonstrate robust financial performance, embrace innovation and drive meaningful growth in their industries, resulting in enhanced value for investors.