Brief: Obsidian Energy Announces First Quarter 2020 Financial And Operational Results

Obsidian Energy

06/05/2020 13:50

May 6 (Reuters) - Obsidian Energy Ltd  OBE.TO :
    * OBSIDIAN ENERGY ANNOUNCES FIRST QUARTER 2020 FINANCIAL AND
OPERATIONAL RESULTS
    * Q1 FFO PER SHARE C$0.51
    * QTRLY TOTAL PRODUCTION 27,092 BOE/D VERSUS 27,651 BOE/D
    * OBSIDIAN ENERGY - BOARD AND EXECUTIVE TEAM IMPLEMENTED
TEMPORARY
SALARY CUT OF 20% ACROSS ALL HEAD OFFICE STAFF AND 10% CUT FOR
FIELD STAFF
    * BOARD OF DIRECTORS HAVE TAKEN A TEMPORARY 10% REDUCTION ON
THEIR
ANNUAL RETAINER FEES

Source text for Eikon:  ID:nCNWp3965a 
Further company coverage:  OBE.TO 

 ((Reuters.Briefs@thomsonreuters.com;))