Obsidian Energy

OBE

Market cap $656M

Calgary, Alberta--(Newsfile Corp. - July 22, 2026) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that we have successfully closed the previously announced private placement offering (the "Offering") of $75.0 million aggregate principal amount to our existing 8.125% senior unsecured notes due December 3, 2030, issued on December 3, 2025 (the "Notes").

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Calgary, Alberta--(Newsfile Corp. - July 15, 2026) -  OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that we have entered into an underwriting agreement to sell, on a private placement basis (the "Offering"), an additional $75.0 million aggregate principal amount to our existing 8.125% senior unsecured notes due December 3, 2030, issued on December 3, 2025 (the "Notes").

The market is underappreciating Obsidian Energy's earnings potential from the Belly River acquisition and Clearwater waterflooding success. OBE's asset optimization—divesting non-core Pembina, expanding Willesden Green, and focusing capex on Peace River—strengthens production and cash flow outlook. Balance sheet improvements include reducing long-term debt from $239M to $126.9M and refinancing at a lower 8.125% rate, supporting capital flexibility.

Calgary, Alberta--(Newsfile Corp. - July 2, 2026) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") has closed our previously announced acquisition of Belly River light oil assets in the Wilson Creek area of Willesden Green (the "Acquisition").

Obsidian Energy trades at roughly half its 2P NAV, making it the sector's most undervalued oil and gas name. OBE's aggressive buybacks, $1.6 billion in tax pools, and hedges rolling off set up strong 2027 free cash flow leverage. Production is set to grow 15% in 2027, driven by expanded capital programs and the accretive Belly River acquisition.

Obsidian Energy increased its capital budget as higher commodity prices improved cash flow and reduced its debt ratio. OBE can rapidly boost production by drilling additional wells, leveraging its smaller scale and existing infrastructure. The company is expanding into Belly River acreage, acquiring assets expected to add 2,500 BOED for approximately C$105 million.

Calgary, Alberta--(Newsfile Corp. - June 23, 2026) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announced today that the aggregate amount available under our syndicated credit facility has increased to $275 million from $235 million, further strengthening the Company's financial position as we prepare to close our previously announced Belly River acquisition and execute on our second half capital program.

Calgary, Alberta--(Newsfile Corp. - June 2, 2026) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announced today the acquisition of high-return Belly River light oil assets in the Wilson Creek area of Willesden Green (the "Acquisition"), consolidating the Company's position as the largest Belly River producer and deepening our core light oil development platform.

Calgary, Alberta--(Newsfile Corp. - June 1, 2026) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") provides an update to our 2026 capital program and guidance, reflecting strong operational results and an improved commodity price outlook.

Calgary, Alberta--(Newsfile Corp. - May 7, 2026) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that at our annual and special meeting of shareholders held on May 7, 2026, Obsidian Energy's shareholders approved all resolutions outlined in the Notice of 2026 Annual and Special Meeting and Management Proxy Circular dated March 15, 2026 (the "Information Circular"), which is available on SEDAR+ at www.sedarplus.ca, on EDGAR at www.sec.gov, and on Obsidian Energy's website at www.obsidianenergy.com.