Obsidian Energy

OBE

Market cap $502M

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.

Calgary, Alberta--(Newsfile Corp. - August 18, 2025) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") today announced that we issued a notice to holders of our 11.95 percent Senior Unsecured Notes due July 27, 2027 (the "Notes") of our election to redeem, on a pro rata basis, $30.0 million of the $110.8 million aggregate principal amount of the Notes currently outstanding (the "Redemption Notice").

Calgary, Alberta--(Newsfile Corp. - August 15, 2025) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") today announced completion of our previously announced offer (the "Offer") to purchase for cash, up to an aggregate amount of $48.4 million of our outstanding 11.95 percent Senior Unsecured Notes due July 27, 2027 (the "Notes").

Calgary, Alberta--(Newsfile Corp. - August 7, 2025) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy" or the "Company") is pleased to announce that the previously announced disposition of the Company's common share position in InPlay Oil Corp. ("InPlay"), consisting of 9,139,784 InPlay common shares ("InPlay Shares") and representing approximately 32.70% of the issued and outstanding InPlay Shares, to Delek Group Ltd.

Calgary, Alberta--(Newsfile Corp. - August 4, 2025) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy" or the "Company") announced today that it has entered into a definitive agreement with Delek Group Ltd.