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Obsidian Energy Announces Participation in the Peters & Co. Limited's Energy Conference and Peace River Growth Plan Webcast
Calgary, Alberta--(Newsfile Corp. - September 7, 2023) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NY...
About this update from Obsidian Energy Ltd
[{"type":"text","content":"Obsidian Energy Announces Participation in the Peters & Co. Limited's Energy Conference and Peace River Growth Plan WebcastCalgary, Alberta--(Newsfile Corp. - September 7, 2023) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) (\"Obsidian Energy\", the \"Company\", \"we\", \"us\" or \"our\") announces that we will be participating in the Peters & Co. Limited 27th Annual Energy Conference (the \"Conference\") from Tuesday, September 12 to Thursday, September 14, 2023 in Toronto, Ontario at the Ritz-Carlton Hotel. Stephen Loukas, President and CEO will discuss the Company in a presentation at 4:00 p.m. ET (2:00 p.m. MT) on Tuesday, September 12, 2023. Mr. Loukas along with Peter Scott, Senior Vice President and Chief Financial Officer, will be hosting one-on-one meetings at the conference. The presentation will be webcast live and available after the event on our website.PEACE RIVER GROWTH PLANObsidian Energy's Peace River team has been conducting an in-depth analysis of our ~500 sections of prospective land holdings in the area with the encouraging results from our first half 2023 capital program, which has established a new development area at Walrus as well as provided key information about the development potential in multiple formations across our acreage. This information, combined with data from other wells and historic vertical oil test wells drilled in the area, has allowed us to generate a detailed study of the area, including regional mapping and well inventory identification. We plan to announce the details of our multi-year development and appraisal plan for the Bluesky and Clearwater formations in Peace River before North American markets open on September 21, 2023 (the 'Release'). In association with the Release, we will host a live webcast presentation online on Thursday, September 21, 2023, at 9:00 a.m. MT (11:00 a.m. ET). Details regarding the webcast will be provided in the Release. ADDITIONAL READER ADVISORIESFORWARD-LOOKING STATEMENTSThis news release contains forward-looking statements or information (collectively \"forward-looking statements\") within the meaning of the safe harbour provisions of applicable securities legislation. The use of any of the words \"expect\", \"anticipate\", \"continue\", \"estimate\", \"objective\", \"ongoing\", \"may\", \"will\", \"project\", \"should\", \"believe...