ADDITIONAL READER ADVISORIES Barrels of oil equivalent ("boe") and barrels of oil equivalent per day ("boe/d") may be misleading, particularly if used in isolation. A boe conversion ratio of six thousand cubic feet of natural gas to one barrel of crude oil is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Given that the value ratio based on the current price of crude oil as compared to natural gas is signifi ...

Group 1: Company Overview - Obsidian Energy Ltd. (OBE) is a Calgary-based exploration and production firm that has resolved its dispute with Woodland Cree First Nation (WCFN) and is resuming production in its Harmon Valley South field [4][8] - The company's production is estimated at 31,000 barrels of oil equivalent per day (boe/d), with the Harmon Valley South Field previously producing 4,500 net boe/d before the blockade [5] Group 2: Dispute Resolution - The dispute with WCFN arose in February due to concerns over Obsidian's expansion plans and seismic activity in the region [4] - Following extensive discussions facilitated by a mediator, an agreement in principle was reached, leading to the removal of the blockade [8] - The agreement has a term until the end of 2025, although other conditions remain confidential [8] Group 3: Market Position - Obsidian currently holds a Zacks Rank of 4 (Sell), indicating a less favorable market position [9] - In contrast, other companies in the energy sector, such as Archrock, SM Energy, and Hess Midstream, have better rankings, with Archrock rated as a Strong Buy [6][7]

zhengzaishuru Obsidian Energy (NYSE:OBE)(TSX:OBE:CA) announced positive results for its 1H 2024 development program, underpinned by strong heavy oil well results. It also made a Peace River acquisition that increases its net sections of Peace River land by over 25% and its Peace River production by over 20%. I believe these items should increase Obsidian's estimated value by approximately US$0.50 per share. However, Obsidian is currently involved in a significant dispute with the Woodland Cree First Nation. ...

Pembina (Cardium): HEAVY OIL ASSETS (PEACE RIVER) We are excited about the results to date of our 2024 development and exploration/appraisal programs in Peace River. Currently 13 (13.0 net) wells of the 15 (15.0 net) operated well development program have been rig Substantially completed active first half development program with 32 (31.4 net) operated wells rig released and 30 (29.4 net) operated development wells brought on production to date Robust results from our Peace River Dawson Clearwater developme ...

Exhibit 99.1 Obsidian Energy Announces Fourth Quarter and Full Year 2023 Results Average 2023 production increased five percent over 2022 and 12 percent on a per share basis Generated funds flow from operations of $377.6 million and free cash flow of $58.5 million Repurchased and cancelled six percent of shares outstanding for $47.4 million CALGARY, February 22, 2024 - OBSIDIAN ENERGY LTD. (TSX / NYSE American – OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to report strong operati ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 Fo ...

CALGARY, February 23, 2023 - OBSIDIAN ENERGY LTD. (TSX / NYSE American – OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to report strong operating and financial results for the fourth quarter and full year 2022. The Company is also pleased to announce the appointment of Stephen Loukas as President and Chief Executive Officer of the Company, effective immediately. Exhibit 99.1 "Steve has served as Interim President and Chief Executive Officer since December 2019," said Gordon Ritchie ...

0000000000 Obsidian Energy Corporate Presentation July 2020 Important Notice to the Readers This presentation should be read in conjunction with the Company's unaudited interim consolidated financial statements, Management's Discussion and Analysis ("MD&A") for the three and six months ended June 30, 2020. All dollar amounts contained in this presentation are expressed in millions of Canadian dollars unless otherwise indicated. Certain financial measures included in this presentation do not have a standardi ...

0000000000 1 2 1 2 Obsidian Energy Corporate Presentation May 2020 Important Notice to the Readers This presentation should be read in conjunction with the Company's unaudited interim consolidated financial statements, Management's Discussion and Analysis ("MD&A") for the three months ended March 31, 2020. All dollar amounts contained in this presentation are expressed in millions of Canadian dollars unless otherwise indicated. Certain financial measures included in this presentation do not have a standardi ...

Financial Data and Key Metrics Changes - The first quarter of 2019 saw funds flow from operations (FFO) at $36 million, a $38 million increase from the previous quarter, driven by stabilized oil differentials and improved WTI prices [13] - The field netback in the Cardium area was $28.08 per BOE, an increase of $16.87 per BOE compared to the previous quarter [13] - Production averaged 27,651 BOE per day, exceeding prerelease targets [15] - Net debt as of March 31, 2019, was $497 million, with a senior debt-to-adjusted EBITDA ratio of 2.9 times, well within the amended covenant of 4.25 times [19][20] Business Line Data and Key Metrics Changes - The Cardium development program showed strong production rates, with initial production rates averaging 538 BOE per day per well for 19 wells drilled [22] - The 12-18 three-well pad averaged initial production rates of 620 BOE per day per well, indicating strong performance in the Crimson area [23] - Capital spending for the first quarter totaled $34 million, including five development wells and various optimization activities [14] Market Data and Key Metrics Changes - Canadian light and heavy oil differentials averaged $4.85 and $12.22 per barrel respectively during the quarter [13] - The company implemented a conservative hedging strategy to protect cash flow and capital programs while allowing for potential benefits from rising commodity prices [17] Company Strategy and Development Direction - The company is focused on maintaining momentum in the Cardium area, strengthening the balance sheet, and reviewing cost structures to improve operational efficiency [7][9][10] - Plans to monetize non-core assets to reduce debt and allocate proceeds responsibly between the balance sheet and development activities in the Cardium [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's direction, highlighting strong operational results and increased cash flow [6] - The focus remains on enhancing shareholder value through disciplined spending and operational improvements [29] Other Important Information - The total planned capital for 2019 remains unchanged at $120 million, with $45 million allocated for the second half of the year [27] - The company plans to drill additional wells in the Crimson asset, reaffirming its commitment to the Cardium as a high-margin asset [25][26] Q&A Session Summary - No questions were raised during the Q&A session, and the call concluded with management reiterating confidence in the company's direction and operational capabilities [28][30]