Obsidian Energy Ltd.: Obsidian Energy Announces First Quarter 2021 Results and Successful First Half Development Program
Robust initial well results with first five wells on-stream; completion activity commenced on remaining four wells
Free cash flow generation results in lower net debt
Calgary, Alberta (Newsfile Corp. - May 7, 2021) - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) (
Obsidian
Three Months Ended March 31
2021
Cash flow from operations
(1) The terms funds flow from operations (
FFO ) and their applicable per share amounts, net debt , netback and net operating expenses are non-GAAP measures. Please refer to the Non-GAAP Measures advisory section below for further details.
(2) Please refer to the Oil and Gas Information Advisory section below for information regarding the term boe .