Brief: Obsidian Energy Says All 19 Cardium Wells Have Now Been Completed And Are On Production

Obsidian Energy

16/04/2019 12:27

April 16 (Reuters) - Obsidian Energy Ltd  OBE.TO :
    * OBSIDIAN ENERGY ANNOUNCES AN OPERATIONAL UPDATE ON CARDIUM
DRILLING PROGRAM
    * OBSIDIAN ENERGY LTD - WILL RESUME DRILLING OF ITS FAST
CYCLE
PRIMARY DEVELOPMENT PROGRAM IN CARDIUM FOLLOWING SPRING BREAK-UP
IN JULY 2019
    * OBSIDIAN ENERGY LTD - ALL OF OUR PLANNED 2019 LOCATIONS
WILL BE
FULLY LICENSED AND DRILL READY IN VERY NEAR FUTURE
    * OBSIDIAN ENERGY LTD - PLAN TO CONTINUE DRILLING OF ITS
FAST
CYCLE PRIMARY DEVELOPMENT PROGRAM IN CARDIUM THROUGH TO MARCH
2020
    * OBSIDIAN ENERGY LTD - ALL 19 CARDIUM WELLS HAVE NOW BEEN
COMPLETED AND ARE ON PRODUCTION
    * OBSIDIAN ENERGY LTD - AVERAGE DRILL, COMPLETE, EQUIP, AND
TIE-IN
COSTS OF ALL 19 WELLS CAME IN AT $3.8 MILLION PER WELL

Source text for Eikon:  ID:nPn6QWzRDa 
Further company coverage:  OBE.TO 

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