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Obsidian Doubles Cardium Completions for 2018

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Obsidian Doubles Cardium Completions for 2018

Obsidian Energy has updated its recent Cardium operations.

Obsidian Energy is pleased to report that our second half 2018 Cardium program is proceeding ahead of schedule and under budgetWe now expect to have 10 wells on production prior to the end of 2018, up from five wells in our original plan.

To date, we have drilled 14 wells in Willesden Green, completing our second half 2018 program. Our technical team has optimized the design of one of our pads, resulting in one less well in the program while maintaining the same production rate expectations of approximately 2,700 bbl of oil per day and 3,800 boe per day in February 2019.

Completions activity has progressed better than expected, with 10 wells fractured to date.


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