Obsidian Energy Ltd : Obsidian Energy Provides Operational Update
finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Obsidian Energy Ltd : Obsidian Energy Announces Increased 2021 Production and Capital Expenditure Guidance with Second Quarter 2021 Results
finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Obsidian Energy Ltd.: Obsidian Energy Announces First Quarter 2021 Results and Successful First Half Development Program
Robust initial well results with first five wells on-stream; completion activity commenced on remaining four wells
Free cash flow generation results in lower net debt
Calgary, Alberta (Newsfile Corp. - May 7, 2021) - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) (
Obsidian
Three Months Ended March 31
2021
Cash flow from operations
(1) The terms funds flow from operations (
FFO ) and their applicable per share amounts, net debt , netback and net operating expenses are non-GAAP measures. Please refer to the Non-GAAP Measures advisory section below for further details.
(2) Please refer to the Oil and Gas Information Advisory section below for information regarding the term boe .
FY20: $1.4 B Cash Flow from Operations & $275 MM Free Cash Flow (Non-GAAP)
⢠4Q20: $488 MM Cash Flow from Operations & $332 MM Free Cash Flow (FCF) o $168 MM in Non-Acquisition Capex o 176.6 MBopd & 976 MMcfpd Average Daily Production o $2.80 Production Expense per Boe
⢠FY20: Fifth Consecutive Year of Generating Positive FCF o $1.16 B in Non-Acquisition Capex ($1.2 B Guidance) o 160.5 MBopd & 837.5 MMcfpd Avg. Daily Production (155-165 MBopd & 800-820 MMcfpd Guidance) o $3.27 Production Expense per Boe ($3.50-$3.75 Guidance) FY21: Projecting Sixth Consecutive Year of Generating Positive FCF â¢Â In Excess of 40% of Cash Flow from Operations Projected toward Shareholder Capital Returns through Debt Reduction and Future Dividends1 o Targeting Approx. $4.5 B Total Debt by YE21; $4.0 B by YE22