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home / news releases / OBE - Obsidian Energy: Increased Production Volumes From Heavy Oil And Viking Wells

OBE - Obsidian Energy: Increased Production Volumes From Heavy Oil And Viking Wells

Obsidian Energy Ltd.
  • Obsidian has bumped up its 2022 production guidance by 1,200 BOEPD (from initial guidance) due to increased heavy oil production.
  • It is also drilling new Viking wells, which will further add to its production and is not captured in current guidance.
  • Obsidian is working on refinancing its debt so it doesn't have to continuously deal with near-term debt maturities.
  • It may be able to generate US$300+ million in positive cash flow at current strip.

For further details see:

Obsidian Energy: Increased Production Volumes From Heavy Oil And Viking Wells
Stock Information
Company Name: Obsidian Energy Ltd.
Stock Symbol: OBE
Market: NYSE
Website: obsidianenergy.com
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