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Obsidian Energy Strengthens Commitments and Focus December 5, 2017

Penn West Petroleum Ltd. has rebuilt itself from the ground up and changed its name to Obsidian Energy Ltd. Based western Canada Obsidian Energy underwent significant internal restructuring when it changed its name in June of 2017. The company is now producing 30000 barrels of energy per day under its new management and structure.

 

Obsidian Energy is under the strong and experienced leadership of George H Brookman. Mr. Brookman Is the former CEO of West Canadian Industries Group Incorporated. His team includes David L French as acting President and CEO. Mr. French served as the President and CEO of Bankers Petroleum Limited before joining Mr. Brookman at Obsidian Energy. Under the guidance of Mr. Brookman and Mr. French, Obsidian has devoted itself to the community, its environmental health and safety concerns and corporate governance offering investors a safe, secure and profitable venue.

 

Obsidian Energy promises and produces a positive impact upon the communities and surrounding communities where it holds bases of operation. The company is committed to mitigating the impact on the environment from its oil and gas production. They seek to set new industry standards exceeding current regulations. Health and safety is a major focus of Obsidian Energy and it is dedicated to not only its employees but the surrounding community and environment. It offers strong avenues of communications to ensure the health and safety of employees, their families, friends and the general public throughout all its bases of operation.

 

For investors Obsidian Energy is reporting strong 2nd quarter results for 2017 and is predicting 5% growth for 2018. The Deep Basin, Q3 Program and Waterflood performances are exceeding all expectations for 2017 and 2018. Investors can expect a more simplified and streamlined reporting system. Improved communications include conference calling and webinars covering the topics of analysis and financial statements. Digital recordings of the conferences are available and are posted with the Securities Exchange Commission.

 

Obsidian Energy Ltd. has extensive holdings and bases of operations located in Alberta Canada and is resolute in its commitments and accountability to its shareholders, partners, employees and the communities it serves.

 

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