Obsidian Energy Ltd. (OBE) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by. This is the conference operator. Welcome to the Obsidian Energy's first quarter 2025 results and annual general and special meeting webcast. As a reminder, all participants are in listen-only mode and the conference is being recorded. Should you need assistance during the conference call, you may signal and operate by pressing start and zero. I would now like to turn the conference over to Mike Hawkins, Vice President Legal. Please go ahead. Yeah, and thank you for joining us on our call today. First, I'd like to point out that we will be referring to forward-looking information in connection with Obsidian Energy and the subject matter of today's call. By its nature, this information contains forecasts, assumptions, and expectations about future outcomes, so we remind you that it's subject to the risks and uncertainties affecting every business, including ours. Please refer to the disclosure at the end of the presentation along with our public disclosure filings available on both CDAR Plus and EDGAR systems for a full discussion of significant factors and risks that could affect obsidian energy or that could affect future outcomes for the company. Thank you for your time, and now I'd like to turn it over to President and CEO Stephen Lucas. Thank you, Mark. Good afternoon, everyone, and thank you for joining today's call. I would like to turn your attention to page three where I'll quickly go through a corporate overview. estimated production midpoint is approximately 29,200 BOEs a day, and that is pro forma for the sale of our permanent assets, which we closed during the first week of April. Our production mix is approximately 72% oil and liquids. We currently have approximately 71 million shares outstanding as of April 30th, which translat...