Obsidian Energy Provides Update on Offer to Purchase $3.0 Million of our Outstanding Senior Unsecured Notes

Core Viewpoint - Obsidian Energy announced an update regarding its offer to purchase up to $3.0 million of its outstanding Senior Unsecured Notes, which expired on March 11, 2025, with no valid tenders received [1][2]. Group 1: Offer Details - The offer was made to purchase cash for an aggregate amount of $3.0 million of outstanding 11.95 percent Senior Unsecured Notes due July 27, 2027 [1]. - The offer was subject to the terms and conditions outlined in the Offer to Purchase dated February 26, 2025 [1]. Group 2: Tender Results - No Notes were validly tendered before the deadline of 5:00 p.m. EDT on March 11, 2025 [2]. - The company currently has an aggregate principal amount of $114.2 million of Notes outstanding [2]. Group 3: Corporate Information - Obsidian Energy shares are listed on both the Toronto Stock Exchange and the NYSE American under the symbol "OBE" [4].