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Stock impact report

Obsidian Energy Announces Operational Update and Investor Day Details

Obsidian Energy Ltd. (OBE) 
Last obsidian energy ltd. earnings: 8/2 06:30 am Check Earnings Report
US:NYSE Investor Relations: obsidianenergy.com/investor-centre
Company Research Source: PR Newswire
CALGARY, Oct. 10, 2018 /PRNewswire/ - OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE.BC) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce an operational update and timing details for our third quarter results and Investor Day.Operational UpdateObsidian Energy is on track to deliver meaningful 2019 light oil production growth from our Willesden Green Cardium program. The second half 2018 Cardium drilling program has been evaluated across a range of pricing and crude oil differentials. With the expected well rates and costs, Obsidian Energy anticipates competitive economic returns with the current outlook on Canadian dollar light oil differentials. The first rig in Willesden Green finished drilling the three well 08-09 pad within the Crimson Lake unit. These wells will be completed in mid-October, with production expected to be online in mid-November. The wells are directly offsetting five wells from earlier this year which averaged 650 boe per day per well (8 Show less Read more
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