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Stock impact report

Obsidian Energy Announces Agreement with the Woodland Cree First Nation [Yahoo! Finance]

Obsidian Energy Ltd. (OBE) 
Last obsidian energy ltd. earnings: 8/2 06:30 am Check Earnings Report
US:NYSE Investor Relations: obsidianenergy.com/investor-centre
Company Research Source: Yahoo! Finance
Calgary, Alberta--(Newsfile Corp. - June 11, 2024) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) (“ Obsidian Energy ”, the “ Company ”, “ we ” or “ our ”) today announced that we have reached a mutually beneficial agreement in principle with the Woodland Cree First Nation (the " WCFN Obsidian Energy has commenced the restart of production from our Harmon Valley South field in our Peace River area. As previously disclosed , the field was producing at an approximate rate of 4,500 net boe per day prior to being shut down on May 12, 2024, due to the conflict with the WCFN. "We look forward to a strong, collaborative and respectful relationship with the WCFN," said Stephen Loukas, Obsidian Energy's President and Chief Executive Officer. "The Company and the WCFN engaged in extensive discussions with the help of a mediator to arrive at a fair and equitable agreement that is beneficial to both parties." The agreement between Obsidian Energy and the WCFN has a term through the Show less Read more
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