CALGARY, Oct. 21, 2019 /PRNewswire/ - OBSIDIAN ENERGY
LTD. (TSX – OBE, NYSE – OBE.BC) ("Obsidian Energy", the
"Company", "we", "us" or "our")
announces the reporting date of its upcoming third quarter 2019
financial and operating results and the resignation of its Chief
Financial Officer.
Date of Third Quarter Results
Obsidian Energy expects to release its third quarter 2019
financial and operational results before North American markets
open on Monday, November 4, 2019. In addition, the third
quarter management's discussion and analysis and the unaudited
consolidated financial statements will be available on our website
at www.obsidianenergy.com, on SEDAR at www.sedar.com, and
on EDGAR at www.sec.gov on or about the same date.
David Hendry, CFO
Resigns
David Hendry, Chief Financial
Officer ("CFO") has submitted his resignation, effective
November 15, 2019 to pursue another
opportunity. Obsidian Energy is currently in discussions to secure
a successor and expects to announce a replacement in the near
future.
Michael Faust, interim President
and Chief Executive Officer, stated, "We thank David for his years
of dedication and leadership to the Company, particularly in the
role of CFO, and wish him every success in his future
endeavors."
Forward-Looking Statements
Certain statements contained in this document constitute
forward-looking statements or information (collectively
"forward-looking statements"). Forward-looking statements are
typically identified by words such as "anticipate", "continue",
"estimate", "expect", "forecast", "budget", "may", "will",
"project", "could", "plan", "intend", "should", "believe",
"outlook", "objective", "aim", "potential", "target" and similar
words suggesting future events or future performance. In
particular, this document contains forward-looking statements
pertaining to, without limitation, the following: the effective
date of our CFO's resignation; the expected timing of announcement
for the CFO replacement; and our expected release date for our
third quarter financial and operational results and other
associated documents.
With respect to forward-looking statements contained in this
document, we have made assumptions regarding, among other things,
when our current CFO will resign and our quarter release date.
Although we believe that the expectations reflected in the
forward-looking statements contained in this document, and the
assumptions on which such forward-looking statements are made, are
reasonable, there can be no assurance that such expectations will
prove to be correct. Readers are cautioned not to place undue
reliance on forward-looking statements included in this document,
as there can be no assurance that the plans, intentions or
expectations upon which the forward-looking statements are based
will occur. By their nature, forward-looking statements involve
numerous assumptions, known and unknown risks and uncertainties
that contribute to the possibility that the forward-looking
statements contained herein will not be correct, which may cause
our actual performance and financial results in future periods to
differ materially from any estimates or projections of future
performance or results expressed or implied by such forward-looking
statements. These risks and uncertainties include the factors
described under "Risk Factors" in our Annual Information Form and
described in our public filings, available in Canada at www.sedar.com and in the United States at www.sec.gov. Readers are
cautioned that this list of risk factors should not be construed as
exhaustive. The forward-looking statements contained in this
document speak only as of the date of this document. Except as
expressly required by applicable securities laws, we do not
undertake any obligation to publicly update any forward-looking
statements. The forward-looking statements contained in this
document are expressly qualified by this cautionary statement.
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SOURCE Obsidian Energy Ltd.
