Brief: Obsidian Energy Announces Winter 2020 Drilling Program Start, Progression Of Bigoray Egress Capital Project

Obsidian Energy

30/11/2020 12:51

Nov 30 (Reuters) - Obsidian Energy Ltd  OBE.TO :
    * OBSIDIAN ENERGY ANNOUNCES WINTER 2020 DRILLING PROGRAM
START AND
PROGRESSION OF BIGORAY EGRESS CAPITAL PROJECT
    * OBSIDIAN ENERGY LTD - SEES 2020 PRODUCTION OF 25,300 BOE/D
-
25,500 BOE/D
    * OBSIDIAN ENERGY LTD - SEES 2020 CAPITAL EXPENDITURES $56
MILLION
    * OBSIDIAN ENERGY - TO INCREASE 2020 CAPITAL PROGRAM BY $3.2
MILLION TO COMMENCE DRILLING ACTIVITY ON FIRST PAD WITHIN
CENTRAL ALBERTA WILLESDEN GREEN ASSET
    * OBSIDIAN ENERGY LTD - TO RETURN TO DRILLING IN WILLESDEN
GREEN
ASSET BASE
    * OBSIDIAN ENERGY LTD - WILL BEGIN DRILLING ON THREE WELL
PAD IN
WILLESDEN GREEN ASSET IN EARLY DEC
    * OBSIDIAN ENERGY LTD - COMPLETED ALL NECESSARY COMMERCIAL
AGREEMENTS TO ASSUME OWNERSHIP OF OVER 15 KM OF PIPELINES IN
BIGORAY AREA
    * OBSIDIAN ENERGY LTD - PIPELINES IN BIGORAY, UPGRADES TO AN
OBSIDIAN ENERGY PROCESSING FACILITY WILL RESTORE 450 BOE/D OF
HIGH NETBACK OIL PRODUCTION

Source text for Eikon:  ID:nCNWM5Zdpa 
Further company coverage:  OBE.TO 

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