Calgary, Alberta (Newsfile Corp. - January 3, 2023) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that is has extended
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Production guidance increased to 24,300 - 24,500 boe/dAccelerated three wells from our 2022 program into 2021, remaining within our capital guidanceStephen Loukas employment contract extended to December
Offer ) to purchase all of the issued and outstanding common shares (the
Bonterra
Bonterra ) until 5:00 p.m. (Mountain Daylight Time) on Monday, March 29, 2021. Obsidian Energy is uniquely positioned to be a true Cardium Champion , and we have heard from many Bonterra stakeholders who are supportive of our Offer and industry consolidation. Unfortunately, Bonterra s entrenched founder/CEO/Chairman, George Fink, and his fellow Bonterra Board members have continued to seek to discredit Obsidian Energy and our Offer through misinformation, fearmongering and questionable trading activities , said Stephen Loukas, Interim President and CEO. Through to the end of our now extended Offer period, we will continue to lay out the facts and benefits of our Offer to ensure that Bonterra s shareholders are in a position to make a fully informed decision. We will keep the focus on the advantages of the Offer and the significant share price appreciation that we are confident would result fro