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Obsidian Energy Announces Alberta Site Rehabilitation Program Awards and Hedging Update
Obsidian Energy Announces Alberta Site Rehabilitation Program Awards and Hedging Update ...
About this update from Obsidian Energy Ltd
[{"type":"text","content":"ObsidianEnergy-ASRP\n \n \n \n Obsidian Energy Announces Alberta Site Rehabilitation Program Awards and Hedging Update\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen4{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen2{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: RIGHT; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen5{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; TEXT-ALIGN: CENTER; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen3{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: CENTER; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prntblns{\nBORDER-TOP: 1pt; BORDER-RIGHT: 1pt; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n CALGARY, AB, Oct. 1, 2020\n \n \n \n \n \n CALGARY, AB\n \n ,\n \n Oct. 1, 2020\n \n /CNW/ - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) (\"\n \n Obsidian Energy\n \n \", the \"\n \n Company\n \n \", \"\n \n we\n \n \", \"\n \n us\n \n \" or \"\n \n our\n \n \") is pleased to provide an update on our Alberta Site Rehabilitation Program (\n \n \"ASRP\"\n \n ) grant applications and to give details on additional commodity hedges made during the third quarter of this year.\n \n \n \n \n \n \n \n \n \n \n Alberta Site Rehabilitation Program Awards\n \n \n \n In partnership with our service providers, the Company has received ASRP grants to date totaling\n \n $17 million\n \n and an additional\n \n $4 million\n \n in allocation eligibility as an Area Based Closure participant.  These awards will allow the Company to expand our abandonment activities for wells, pipelines, facilities, and related site reclamation starting in the fourth quarter of this year and thus reduce our decommissioning liability. We will continue to be actively engaged with the Government of\n \n Alberta\n \n o...