Obsidian Energy

OBE

Market cap $573M

Calgary, Alberta--(Newsfile Corp. - February 26, 2026) -  OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted Obsidian Energy's notice of intention to renew our normal course issuer bid (the "NCIB").

Calgary, Alberta--(Newsfile Corp. - February 19, 2026) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that it has filed with Canadian securities regulatory authorities its audited Consolidated Financial Statements for the year ended December 31, 2025 and related Management's Discussion and Analysis.

• Average production of 27,971 boe/d in the fourth quarter, generated $56.6 million of funds flow from operations • Successful 2025 capital program including waterflood initiatives resulted in reserve replacement ratios over 100% • Active prepaid equity forward program in Q4/25 and into 2026 with a total of 4.3 million shares purchased Calgary, Alberta--(Newsfile Corp. - February 19, 2026) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to report our operating and financial results for the fourth quarter and full year of 2025.

Reserve replacement of 118 percent, 185 percent and 235 percent of 2025 production (adjusted for dispositions) on a proved developed producing ("PDP"), proved ("1P"), and proved plus probable("2P") reserves basis Added locations in the Willesden Green (Belly River) in both Crimson and Open Creek based on 2025 success Initial waterflood reserve bookings from recent pilots at Peace River in the Clearwater Calgary, Alberta--(Newsfile Corp. - February 5, 2026) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce the results of our independent reserves evaluation for the year ended December 31, 2025 (the "2025 Reserve Report") prepared by GLJ Ltd.

Capital expenditures guidance of $210 million (midpoint) resulting in 38 net operated wells drilled at both Peace River and Willesden Green including $22 million in waterflood spending Production guidance of 28,900 boe/d (midpoint) for 2026, approximately 55% weighted to our light oil assets and 45% weighted to our heavy oil assets Funds flow from operations of $225 million ($3.35 per basic share) based on WTI of US$58.00/bbl in H1 2026 and US$62.00/bbl in H2 2026 Calgary, Alberta--(Newsfile Corp. - January 22, 2026) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce our 2026 capital plan and guidance as well as provide an operational update on our successful 2025 development program.

Calgary, Alberta--(Newsfile Corp. - December 3, 2025) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that it has successfully closed the previously announced private placement offering (the "Offering") of $175.0 million aggregate principal amount of 8.125 percent five-year senior unsecured notes due December 3, 2030 (the "2030 Notes").

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Calgary, Alberta--(Newsfile Corp. - November 19, 2025) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that it has entered into an underwriting agreement to sell, on a private placement basis (the "Offering"), $175.0 million aggregate principal amount of 8.125 percent five-year senior unsecured notes due December 3, 2030 (the "Notes").

Obsidian's 2H 2025 development program appears to be going well and it increased its 2H 2025 production guidance by 1%. This was primarily driven by its heavy oil results. Obsidian's net operating costs per BOE increased by 11% quarter-over-quarter to around CAD$15 per BOE due to increased trucking costs and higher Peace River processing fees.

Obsidian received approximately US$66 million from selling its stake in InPlay Oil. This was around 8% higher than the deemed value (at the time) of the shares it received from its Pembina divestiture. Obsidian's net debt has been significantly reduced while it has also been quite active with share repurchases.

Calgary, Alberta--(Newsfile Corp. - September 2, 2025) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") today announced that we completed the previously announced redemption of $30 million aggregate principal of our 11.95 percent Senior Unsecured Notes due July 27, 2027 (the "Notes") on August 29, 2025, on a pro rata basis, as set forth in the notice of partial redemption issued August 18, 2025.