Woodland Cree, Obsidian energy resolve northern Alberta standoff [Yahoo! Finance Canada]
Obsidian Energy Ltd. (OBE)
Last obsidian energy ltd. earnings: 8/2 06:30 am
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Source: Yahoo! Finance Canada
Calgary-based Obsidian Energy says it has reached an agreement in principle with the Woodland Cree First Nation. Woodland Cree began blocking the road in February over concerns Obsidian wasn't keeping it informed about expansion plans on its traditional territory. The band was also concerned about earthquakes linked to Obsidian's activities. Obsidian countered that it was being strong-armed into granting the First Nation a monopoly on work at the company's sites. ADVERTISEMENT Obsidian was granted a court injunction to remove the blockade but local RCMP didn't move in to enforce it. "The company and the (First Nation) engaged in extensive discussions with the help of a mediator to arrive at a fair and equitable agreement that is beneficial to both parties,” said Stephen Loukas, Obsidian Energy's president and chief executive officer. The agreement between Obsidian Energy and the Woodland Cree runs through the end of 2025. No other terms were released. Obsidian said pr
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News
- Canadian First Nation agrees with Obsidian Energy's drilling expansion plans [Yahoo! Finance Canada]Yahoo! Finance Canada
- WOODLAND CREE FIRST NATION ANNOUNCES AGREEMENT IN PRINCIPLE WITH OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE AMERICAN: OBE) [Yahoo! Finance]Yahoo! Finance
- Woodland Cree First Nation, Obsidian Energy resolve northern Alberta standoff [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Obsidian Energy Announces Agreement with the Woodland Cree First Nation [Yahoo! Finance]Yahoo! Finance
- Obsidian Energy Announces Peace River Acquisition and Increased 2024 Average Production Guidance [Yahoo! Finance]Yahoo! Finance
OBE
Sec Filings
- 6/11/24 - Form 6-K
- 5/29/24 - Form 6-K
- 5/15/24 - Form 6-K
- OBE's page on the SEC website