Obsidian Energy Ltd (TSE:OBE) has released an update.
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Obsidian Energy Ltd. reported a robust start to 2024 with a significant 11% increase in production per share from last year, reaching 34,238 barrels of oil equivalent per day (boe/d). The company’s operations yielded a strong funds flow from operations at $84.4 million, with new developments in the Peace River region showing promising results. Despite an uptick in capital expenditures, the financial results indicate a solid operational performance.
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