Obsidian Energy Completes Partial Redemption of $30 Million of Our Outstanding Senior Unsecured Notes

Core Points - Obsidian Energy has completed a partial redemption of $30 million of its outstanding Senior Unsecured Notes, which have an interest rate of 11.95% and are due on July 27, 2027 [1][2] - Following the redemption, the company has $80.8 million of Notes remaining outstanding, with a maximum semi-annual free cash flow offer of $17.0 million required under the trust indenture governing the Notes [2] Company Overview - Obsidian Energy is an intermediate-sized oil and gas producer with a diversified portfolio of high-quality assets, primarily located in the Peace River, Willesden Green, and Viking areas of Alberta [3] - The company's operations focus on exploring, developing, and holding interests in oil and natural gas properties, along with related production infrastructure in the Western Canada Sedimentary Basin [3] - The company's shares are listed on both the Toronto Stock Exchange and the NYSE American under the symbol "OBE" [4]