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Stock impact report

Obsidian Energy Announces Closing of Peace River Acquisition [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
us " or " our ") is pleased to announce it has closed its previously announced acquisition of approximately 1,700 boe/d (100 percent oil, based on April 2024 actual production) of Clearwater production and 148 net sections of land in the Peace River area (the " Acquisition ") from a third-party (the " Vendor Total consideration paid for the Acquisition was approximately $80.5 million (inclusive of liquids inventory and closing adjustments) with an effective date of May 1, 2024. The cash consideration for the Acquisition was funded from our syndicated bank facility and a $50 million term loan (the " Term Loan "), which matures in June 2025. "We're pleased to have successfully completed this strategic acquisition that provides further upside and optionality within our Peace River operating area," said Stephen Loukas, Obsidian Energy's President and CEO. "With our expanded holdings in the region, we have identified ~200 total locations on these lands, of which 103 (including 49 prove Show less Read more
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