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Stock impact report

Obsidian Energy Releases 2018 Reserves Results, Announces Company Update and Revises 2019 Guidance

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, Feb. 11, 2019 /PRNewswire/ - OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE.BC) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to release its year-end 2018 independent reserves evaluation and provide Company updates on our recent drilling results, marketing and hedging portfolio, 2019 development and guidance revisions.2018 Year-End Reserves Summary The Company is pleased to present the results of its year-end 2018 independent reserves evaluation, prepared by Sproule Associates Limited ("Sproule").2018 marks the second year in a row that Obsidian Energy has achieved greater than 100 percent reserve replacement on proved plus probable ("2P") and total proved reserves ("1P"). This increase is a direct result and recognition of the performance of our 2018 Cardium drilling program with a 1P and 2P reserve replacement in the Cardium of approximately 150 and 140 percent respectively. Our Cardium assets in Willesden Green continue to perform with 16 additional undev Show less Read more
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