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home / news releases / OBELF - Obsidian Energy: Adding Heavy Oil Production For A Cheap Price

OBELF - Obsidian Energy: Adding Heavy Oil Production For A Cheap Price

Obsidian Energy Ltd.
  • Obsidian is paying US$35 million to purchase the remaining 45% interest in the Peace River Oil Partnership.
  • This price could end up at US$29 million after customary purchase price adjustments.
  • The 45% interest in PROP may generate US$20 million forward-year EBITDAX at current strip prices.
  • Obsidian looks capable of reducing its net debt to US$145 million by the end of 2022 at current strip prices.

For further details see:

Obsidian Energy: Adding Heavy Oil Production For A Cheap Price
Stock Information
Company Name: Obsidian Energy Ltd.
Stock Symbol: OBELF
Market: OTC
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