Obsidian Energy (OBE) Registration Filing summary

Company overview and business model

• Engaged in oil and natural gas exploration, development, acquisition, and production, with operations focused in Western Canada.

• Incorporated in Alberta, Canada, and formed by amalgamation effective January 1, 2023.

• Common shares listed on the Toronto Stock Exchange and NYSE American under the symbol "OBE".

Financial performance and metrics

• As of June 30, 2024, consolidated capitalization: shareholders' capital CAD $2,158.1 million, long-term debt CAD $376.9 million, total capitalization CAD $2,535.0 million.

• 76,005,410 common shares issued and outstanding as of July 31, 2024.

Use of proceeds and capital allocation

• Will not receive any proceeds from the sale of common shares by selling securityholders.