News

Please be advised that the press releases contained on the web site are for historical purposes only and that while information contained within the releases was believed to be accurate at the time of issue, Obsidian Energy will not, and specifically disclaims any duty to, update this information after.

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Feb 24, 2021

Obsidian Energy Announces Extension to our Syndicated Credit Facility and Provides Hedging Update

OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") announces an extension of our syndicated credit facility to March 31, 2021 and provides a…
Feb 17, 2021

Obsidian Energy Announces 2020 Reserves Results

Total 1P and 2P reserves and reserve life indices increased over 2019Cardium asset reserves replaced 149 percent and 164 percent of associated 2020 production on a 1P and 2P basis,…
Jan 28, 2021

Obsidian Energy Announces Extension to our Syndicated Credit Facility and provides Operational Update

OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") announces the extension of our syndicated credit facility to February 26, 2021 and provides an…
Jan 25, 2021

Obsidian Energy Announces Extension of its Offer to Purchase the Shares of Bonterra Energy Corp.

• Offer to purchase Bonterra extended to March 29, 2021, allowing Bonterra shareholders to assess the relative performance of the two companies' fourth quarter and year end 2020 results •...
Jan 14, 2021

Obsidian Energy Provides Compelling Reasons why Bonterra Shareholders Should Tender their Shares to the Offer

Combination Creates a Stronger Company with a Far Superior Future Markets are rewarding Consolidation with Share Price Appreciation
Jan 5, 2021

Obsidian Energy Announces First Half 2021 Drilling Program and Guidance

$40 million capital in development and decommissioning program for first half 2021 Seven well drilling program builds on success of 2020 Willesden Green Cardium locations
Dec 21, 2020

Obsidian Energy Announces Important Amendments to its Offer to Purchase the Shares of Bonterra Energy Corp.

Offer to purchase Bonterra extended to January 25, 2021 Minimum tender condition lowered to 50% of Bonterra Energy Corp.'s outstanding shares Improved valuation following Obsidian Energy Ltd....
Nov 30, 2020

Obsidian Energy Announces Winter 2020 Drilling Program Start and Progression of Bigoray Egress Capital Project

OBSIDIAN ENERGY LTD. today announced an update to its 2020 capital spending plan due to the re-initiation of our Cardium development...
Nov 23, 2020

Obsidian Energy Announces Voting Results from the 2020 Special Meeting of Shareholders

OBSIDIAN ENERGY LTD. is pleased to announce that at its special meeting of shareholders held on November 23, 2020, Obsidian Energy's...
Nov 16, 2020

ISS and Glass Lewis Recommend Shareholders Vote FOR the Issuance of Shares to Purchase Bonterra Energy Corp.

OBSIDIAN ENERGY LTD. today announced that leading independent proxy advisory firms, Institutional Shareholder Services Inc....