OWE / Obsidian Energy Ltd. - SEC Filings, Annual Report, Proxy Statement

Obsidian Energy Ltd.
US ˙ NYSE
THIS SYMBOL IS NO LONGER ACTIVE

Basic Stats
LEI 549300DITPHH8W8CK636
CIK 1334388
SEC Filings
All companies that sell securities in the United States must register with the Securities and Exchange Commission (SEC) and file reports on a regular basis. These reports include company annual reports (10K, 10Q), news updates (8K), investor presentations (found in 8Ks), insider trades (form 4), ownership reports (13D, and 13G), and reports related to the specific securities sold, such as registration statements and prospectus. This page shows recent SEC filings related to Obsidian Energy Ltd.
SEC Filings (Chronological Order)
This page provides a complete, chronological list of SEC Filings, excluding ownership filings which we provide elsewhere.
September 2, 2025 EX-99.1

Obsidian Energy Completes Partial Redemption of $30 Million of our Outstanding Senior Unsecured Notes

Exhibit 99.1 Obsidian Energy Completes Partial Redemption of $30 Million of our Outstanding Senior Unsecured Notes CALGARY, September 2, 2025 - OBSIDIAN ENERGY LTD. (TSX/NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) today announced that we completed the previously announced redemption of $30 million aggregate principal of our 11.95 percent Senior Unsecured Notes due

September 2, 2025 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of September 2025 Commission File Number 1-32895

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of September 2025 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of princi

August 18, 2025 EX-99.1

Obsidian Energy Announces Notice of Partial Redemption for $30 Million of our Outstanding Senior Unsecured Notes

Exhibit 99.1 Obsidian Energy Announces Notice of Partial Redemption for $30 Million of our Outstanding Senior Unsecured Notes CALGARY, August 18, 2025 - OBSIDIAN ENERGY LTD. (TSX/NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) today announced that we issued a notice to holders of our 11.95 percent Senior Unsecured Notes due July 27, 2027 (the “Notes”) of our election t

August 18, 2025 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of August 2025 Commission File Number 1-32895 Obs

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of August 2025 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principal

August 15, 2025 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of August 2025 Commission File Number 1-32895 Obs

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of August 2025 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principal

August 15, 2025 EX-99.1

Obsidian Energy Completes Offer to Purchase $1.4 Million of our Outstanding Senior Unsecured Notes

Exhibit 99.1 Obsidian Energy Completes Offer to Purchase $1.4 Million of our Outstanding Senior Unsecured Notes CALGARY, August 15, 2025 - OBSIDIAN ENERGY LTD. (TSX/NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) today announced completion of our previously announced offer (the “Offer“) to purchase for cash, up to an aggregate amount of $48.4 million of our outstanding

August 12, 2025 EX-99.2

SHARE PURCHASE AGREEMENT

Exhibit 99.2 Execution Version SHARE PURCHASE AGREEMENT THIS AGREEMENT is dated effective as of August 4, 2025. BETWEEN: OBSIDIAN ENERGY LTD., a corporation subsisting under the laws of the Province of Alberta (the "Vendor"), - and - DELEK GROUP LTD., a corporation subsisting under the laws of Israel (the "Purchaser"), WHEREAS the Vendor is the registered and beneficial owner of the Purchased Shar

August 12, 2025 EX-99.1

FORM 51-102F3 MATERIAL CHANGE REPORT

Exhibit 99.1 FORM 51-102F3 MATERIAL CHANGE REPORT Item 1 Name and Address of Company Obsidian Energy Ltd. (“Obsidian Energy” or the “Company”) 200, 207 – 9th Avenue S.W. Calgary, Alberta T2P 1K3 Item 2 Date of Material Change August 4, 2025 and August 7, 2025 Item 3 Press Release Press releases describing the material change were disseminated by the Company on August 4, 2025 and August 7, 2025, th

August 12, 2025 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of August 2025 Commission File Number 1-32895 Obs

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of August 2025 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principal

August 7, 2025 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of August 2025 Commission File Number 1-32895 Obs

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of August 2025 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principal

August 7, 2025 EX-99.1

Obsidian Energy Announces Closing of Sale of Common Share Position in InPlay Oil Corp.

Exhibit 99.1 Obsidian Energy Announces Closing of Sale of Common Share Position in InPlay Oil Corp. CALGARY, August 7, 2025 – OBSIDIAN ENERGY LTD. (TSX / NYSE American: OBE) (“Obsidian Energy” or the “Company”) is pleased to announce that the previously announced disposition of the Company’s common share position in InPlay Oil Corp. (“InPlay”), consisting of 9,139,784 InPlay common shares (“InPlay

August 4, 2025 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of August 2025 Commission File Number 1-32895 Obs

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of August 2025 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principal

August 4, 2025 EX-99.1

Obsidian Energy Announces Definitive Agreement to Sell Common Share Position in InPlay Oil Corp.

Exhibit 99.1 Obsidian Energy Announces Definitive Agreement to Sell Common Share Position in InPlay Oil Corp. CALGARY, August 4, 2025 – OBSIDIAN ENERGY LTD. (TSX / NYSE American: OBE) (“Obsidian Energy” or the “Company”) announced today that it has entered into a definitive agreement with Delek Group Ltd. (the “Purchaser”) pursuant to which the Purchaser has agreed to acquire the Company’s common

July 31, 2025 EX-99.1

Obsidian Energy Announces Launch of an Offer to Purchase up to $48.4 Million of our Outstanding Senior Unsecured Notes

Exhibit 99.1 Obsidian Energy Announces Launch of an Offer to Purchase up to $48.4 Million of our Outstanding Senior Unsecured Notes CALGARY, July 31, 2025 - OBSIDIAN ENERGY LTD. (TSX/NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) today announced that we have commenced an offer (the "Offer") to purchase for cash, up to an aggregate amount of $48.4 million (the “Maximum

July 31, 2025 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of July 2025 Commission File Number 1-32895 Obsid

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of July 2025 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principal e

July 30, 2025 EX-99.3

Obsidian Energy Ltd. Consolidated Balance Sheets

Exhibit 99.3 Obsidian Energy Ltd. Consolidated Balance Sheets As at (CAD millions, unaudited) Note June 30, 2025 December 31, 2024 Assets Current Cash $ 1.6 $ - Accounts receivable 68.1 88.0 Risk management 8 6.0 8.4 Prepaid expenses and other 14.4 12.0 Assets held for sale 4 76.2 383.7 166.3 492.1 Non-current Property, plant and equipment 3 1,431.7 1,349.2 Deferred income tax 12 264.0 273.3 1,695

July 30, 2025 EX-99.2

MANAGEMENT’S DISCUSSION AND ANALYSIS For the three and six months ended June 30, 2025

Exhibit 99.2 MANAGEMENT’S DISCUSSION AND ANALYSIS For the three and six months ended June 30, 2025 This management’s discussion and analysis of financial condition and results of operations (“MD&A”) of Obsidian Energy Ltd. (“Obsidian Energy”, the “Company”, “we”, “us”, “our”) should be read in conjunction with the Company's unaudited interim condensed consolidated financial statements for the thre

July 30, 2025 EX-99.5

FORM 52-109F2 CERTIFICATION OF INTERIM FILINGS FULL CERTIFICATE

Exhibit 99.5 FORM 52-109F2 CERTIFICATION OF INTERIM FILINGS FULL CERTIFICATE I, Peter Scott, Senior Vice President and Chief Financial Officer of Obsidian Energy Ltd., certify the following: 1. Review: I have reviewed the interim financial report and interim MD&A (together, the “interim filings”) of Obsidian Energy Ltd. (the “issuer”) for the interim period ended June 30, 2025. 2. No misrepresenta

July 30, 2025 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of July 2025 Commission File Number 1-32895 Obsid

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of July 2025 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principal e

July 30, 2025 EX-99.4

FORM 52-109F2 CERTIFICATION OF INTERIM FILINGS FULL CERTIFICATE

Exhibit 99.4 FORM 52-109F2 CERTIFICATION OF INTERIM FILINGS FULL CERTIFICATE I, Stephen Loukas, President and Chief Executive Officer of Obsidian Energy Ltd., certify the following: 1. Review: I have reviewed the interim financial report and interim MD&A (together the “interim filings”) of Obsidian Energy Ltd. (the “issuer”) for the interim period ended June 30, 2025. 2. No misrepresentations: Bas

July 30, 2025 EX-99.1

Obsidian Energy Announces Second Quarter 2025 Results

Exhibit 99.1 Obsidian Energy Announces Second Quarter 2025 Results • Achieved average production of 28,943 boe per day and funds flow from operations of $65.8 million ($0.94 per share) • Active share buyback program with ~5.4 million shares (seven percent of outstanding shares) repurchased and cancelled for $36.6 million CALGARY, July 30, 2025 - OBSIDIAN ENERGY LTD. (TSX / NYSE American – OBE) (“O

July 16, 2025 EX-99.1

Obsidian Energy Announces Non-Binding Offer for Common Share Position in InPlay Oil Corp.

Exhibit 99.1 Obsidian Energy Announces Non-Binding Offer for Common Share Position in InPlay Oil Corp. CALGARY, July 16, 2025 – OBSIDIAN ENERGY LTD. (TSX / NYSE American: OBE) (“Obsidian Energy” or the “Company”) announced today that a third party has made a non-binding offer to Obsidian Energy to acquire the Company’s entire common share position in InPlay Oil Corp. (“InPlay”), consisting of 9,13

July 16, 2025 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of July 2025 Commission File Number 1-32895 Obsid

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of July 2025 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principal e

July 10, 2025 EX-99.1

Obsidian Energy Announces Second Half 2025 Capital Program and Guidance

Exhibit 99.1 Obsidian Energy Announces Second Half 2025 Capital Program and Guidance • Development capital expenditures of $110 to $120 million resulting in 28 net operated wells drilled • Infrastructure projects are underway in Open Creek and Nampa fields allowing for future growth • Intend to initiate ~$10 million Canadian Exchange Offer to Acquire Obsidian Energy Common Shares for Common Shares

July 10, 2025 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of July 2025 Commission File Number 1-32895 Obsid

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of July 2025 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principal e

June 4, 2025 EX-99.1

Obsidian Energy Announces First Half Capital Program Update • Achieved new production record of 14,000 boe/d for Peace River asset • Completed drilling all wells in our first Peace River Clearwater waterflood pilot on the Dawson 4-24 Pad

Exhibit 99.1 Obsidian Energy Announces First Half Capital Program Update • Achieved new production record of 14,000 boe/d for Peace River asset • Completed drilling all wells in our first Peace River Clearwater waterflood pilot on the Dawson 4-24 Pad CALGARY, June 3, 2025 - OBSIDIAN ENERGY LTD. (TSX / NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) is pleased to provid

June 4, 2025 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of June 2025 Commission File Number 1-32895 Obsid

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of June 2025 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principal e

June 3, 2025 SD

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM SD Specialized Disclosure Report OBSIDIAN ENERGY LTD. (Exact name of registrant as specified in its charter)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM SD Specialized Disclosure Report OBSIDIAN ENERGY LTD. (Exact name of registrant as specified in its charter) Alberta, Canada 001-32895 Not applicable (State or other jurisdiction of incorporation or organization) (Commission File Number) (IRS Employer Identification No.) Suite 200, 207 – 9th Avenue SW Calgary, Alberta, Ca

May 23, 2025 EX-99.1

AMENDED AND RESTATED CREDIT AGREEMENT OBSIDIAN ENERGY LTD. as Borrower ROYAL BANK OF CANADA, BANK OF MONTREAL, ICBC STANDARD BANK PLC,

Exhibit 99.1 CDN.$235,000,000 CREDIT FACILITIES AMENDED AND RESTATED CREDIT AGREEMENT BETWEEN OBSIDIAN ENERGY LTD. as Borrower AND ROYAL BANK OF CANADA, BANK OF MONTREAL, ICBC STANDARD BANK PLC, and such other persons as become parties hereto as lenders, as Lenders AND ROYAL BANK OF CANADA as Agent of the Lenders MADE AS OF APRIL 4, 2025 RBC Capital Markets and Bank of Montreal as Co-Lead Arranger

May 23, 2025 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2025 Commission File Number 1-32895 Obsidi

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2025 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principal ex

May 8, 2025 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2025 Commission File Number 1-32895 Obsidi

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2025 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta, Canada T2P 1K3 (Address of principal e

May 8, 2025 EX-99.1

Obsidian Energy Announces Voting Results from the 2025 Annual and Special Meeting of Shareholders • New corporate presentation and management webcast available for replay on website

Exhibit 99.1 Obsidian Energy Announces Voting Results from the 2025 Annual and Special Meeting of Shareholders • New corporate presentation and management webcast available for replay on website CALGARY, May 7, 2025 – OBSIDIAN ENERGY LTD. (TSX / NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) is pleased to announce that at our annual and special meeting of shareholders

May 8, 2025 EX-99.2

Annual and Special Meeting of Shareholders of Obsidian Energy Ltd. (the “Issuer”) May 7, 2025 REPORT OF VOTING RESULTS

Exhibit 99.2 Annual and Special Meeting of Shareholders of Obsidian Energy Ltd. (the “Issuer”) May 7, 2025 REPORT OF VOTING RESULTS The following matters were voted upon at the Annual and Special Meeting of shareholders ("Shareholders") of the Issuer held on May 7, 2025 in Calgary, Alberta. Each matter voted upon is described in greater detail in the Notice of 2025 and Special Meeting and Manageme

May 7, 2025 EX-99.2

MANAGEMENT’S DISCUSSION AND ANALYSIS For the three months ended March 31, 2025

Exhibit 99.2 MANAGEMENT’S DISCUSSION AND ANALYSIS For the three months ended March 31, 2025 This management’s discussion and analysis of financial condition and results of operations (“MD&A”) of Obsidian Energy Ltd. (“Obsidian Energy”, the “Company”, “we”, “us”, “our”) should be read in conjunction with the Company's unaudited interim condensed consolidated financial statements for the three month

May 7, 2025 EX-99.5

FORM 52-109F2 CERTIFICATION OF INTERIM FILINGS FULL CERTIFICATE

Exhibit 99.5 FORM 52-109F2 CERTIFICATION OF INTERIM FILINGS FULL CERTIFICATE I, Peter Scott, Senior Vice President and Chief Financial Officer of Obsidian Energy Ltd., certify the following: 1. Review: I have reviewed the interim financial report and interim MD&A (together, the “interim filings”) of Obsidian Energy Ltd. (the “issuer”) for the interim period ended March 31, 2025. 2. No misrepresent

May 7, 2025 EX-99.4

FORM 52-109F2 CERTIFICATION OF INTERIM FILINGS FULL CERTIFICATE

Exhibit 99.4 FORM 52-109F2 CERTIFICATION OF INTERIM FILINGS FULL CERTIFICATE I, Stephen Loukas, President and Chief Executive Officer of Obsidian Energy Ltd., certify the following: 1. Review: I have reviewed the interim financial report and interim MD&A (together the “interim filings”) of Obsidian Energy Ltd. (the “issuer”) for the interim period ended March 31, 2025. 2. No misrepresentations: Ba

May 7, 2025 EX-99.3

Obsidian Energy Ltd. Consolidated Balance Sheets

Exhibit 99.3 Obsidian Energy Ltd. Consolidated Balance Sheets As at (CAD millions, unaudited) Note March 31, 2025 December 31, 2024 Assets Current Cash $ 0.3 $ - Accounts receivable 86.0 88.0 Risk management 8 - 8.4 Prepaid expenses and other 15.2 12.0 Assets held for sale 4 389.2 383.7 490.7 492.1 Non-current Property, plant and equipment 3 1,414.5 1,349.2 Deferred income tax 12 268.3 273.3 1,682

May 7, 2025 EX-99.1

Obsidian Energy Announces First Quarter 2025 Results • Closed $320 million divestiture of Pembina assets on April 7, 2025, with cash proceeds used to reduce debt level • Completed first quarter program with 26 (24.4 net) operated wells rig released a

Exhibit 99.1 Obsidian Energy Announces First Quarter 2025 Results • Closed $320 million divestiture of Pembina assets on April 7, 2025, with cash proceeds used to reduce debt level • Completed first quarter program with 26 (24.4 net) operated wells rig released and 19 (17.9 net) operated wells brought on production • Responded to the market environment by reducing our first half capital program to

May 7, 2025 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2025 Commission File Number 1-32895 Obsidi

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2025 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principal ex

April 30, 2025 EX-99.1

Obsidian Energy Announces Date of First Quarter 2025 Results and AGSM Webcast

Obsidian Energy Announces Date of First Quarter 2025 Results and AGSM Webcast CALGARY, April 30, 2025 – OBSIDIAN ENERGY LTD.

April 30, 2025 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2025 Commission File Number 1-32895 Obsi

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2025 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principal

April 7, 2025 EX-99.1

Obsidian Energy Announces Closing of the Operated Pembina Asset Sale for ~ $320 million • Provides Update on Syndicated Credit Facility

Exhibit 99.1 Obsidian Energy Announces Closing of the Operated Pembina Asset Sale for ~ $320 million • Provides Update on Syndicated Credit Facility CALGARY, April 7, 2025 - OBSIDIAN ENERGY LTD. (TSX / NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) is pleased to announce that we have closed our previously announced divestiture of our operated Pembina assets (the “Pemb

April 7, 2025 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2025 Commission File Number 1-32895 Obsi

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2025 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principal

April 7, 2025 EX-99.2

Instrument of Proxy for the 2025 Annual and Special Meeting of Shareholders

OBSIDIAN ENERGY LTD. Exhibit 99.2 Form of Proxy – Annual and Special Meeting to be held on May 7, 2025. Trader’s Bank Building 702, 67 Yonge Street Toronto ON M5E 1J8 Instrument of Proxy for the 2025 Annual and Special Meeting of Shareholders This Instrument of Proxy is solicited on behalf of management of Obsidian Energy Ltd. (“Obsidian Energy”) in connection with the 2025 Annual and Special Meet

April 7, 2025 EX-99.3

ANNUAL AND SPECIAL MEETING OF THE SHAREHOLDERS OF OBSIDIAN ENERGY LTD. NOTICE AND ACCESS NOTIFICATION

Exhibit 99.3 ANNUAL AND SPECIAL MEETING OF THE SHAREHOLDERS OF OBSIDIAN ENERGY LTD. NOTICE AND ACCESS NOTIFICATION You are receiving this notification as Obsidian Energy Ltd. (the “Corporation”) has decided to use the notice and access provisions under National Instrument 54-101 - Communications with Beneficial Owners of Securities of a Reporting Issuer for delivery of meeting materials to benefic

April 7, 2025 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2025 Commission File Number 1-32895 Obsi

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2025 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principal

April 7, 2025 EX-99.1

NOTICE OF 2025 ANNUAL AND SPECIAL MEETING MANAGEMENT INFORMATION CIRCULAR AND PROXY STATEMENT

Exhibit 99.1 NOTICE OF 2025 ANNUAL AND SPECIAL MEETING AND MANAGEMENT INFORMATION CIRCULAR AND PROXY STATEMENT OBSIDIAN ENERGY 2025 MANAGEMENT PROXY CIRCULAR NOTICE OF ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS TO BE HELD ON WEDNESDAY, MAY 7, 2025 NOTICE IS HEREBY GIVEN that an annual and special meeting (the "Meeting") of the holders ("Shareholders") of the common shares ("Shares") of Obsidian En

March 14, 2025 EX-99.1

Obsidian Energy Provides Update on Offer to Purchase $3.0 Million of our Outstanding Senior Unsecured Notes

Exhibit 99.1 Obsidian Energy Provides Update on Offer to Purchase $3.0 Million of our Outstanding Senior Unsecured Notes CALGARY, March 14, 2025 - OBSIDIAN ENERGY LTD. (TSX/NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) today provides an update on the previously announced offer (the “Offer“) to purchase for cash, up to an aggregate amount of $3.0 million of our outsta

March 14, 2025 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of March 2025 Commission File Number 1-32895 Obsi

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of March 2025 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principal

March 4, 2025 EX-99.1

OBSIDIAN ENERGY LTD. FORM 51-102F3 MATERIAL CHANGE REPORT

Exhibit 99.1 OBSIDIAN ENERGY LTD. FORM 51-102F3 MATERIAL CHANGE REPORT 1. NAME AND ADDRESS OF COMPANY Obsidian Energy Ltd. (the "Company" or "Obsidian Energy") 200, 207 – 9th Avenue SW Calgary, AB T2P 1K3 2. DATE OF MATERIAL CHANGE February 19, 2025. 3. NEWS RELEASE A press release describing the material change was disseminated by the Company on February 19, 2025 through the facilities of Newsfil

March 4, 2025 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of March 2025 Commission File Number 1-32895 Obsi

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of March 2025 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principal

February 28, 2025 EX-99.1

ASSET PURCHASE AND SALE AGREEMENT OBSIDIAN ENERGY LTD. - and - OBSIDIAN ENERGY PARTNERSHIP - and - 1647456 ALBERTA LTD. (collectively, Vendor) - and - INPLAY OIL CORP. Dated as of February 19, 2025 TABLE OF CONTENTS

Exhibit 99.1 ASSET PURCHASE AND SALE AGREEMENT BETWEEN OBSIDIAN ENERGY LTD. - and - OBSIDIAN ENERGY PARTNERSHIP - and - 1647456 ALBERTA LTD. (collectively, Vendor) - and - INPLAY OIL CORP. (Purchaser) Dated as of February 19, 2025 TABLE OF CONTENTS Page Article 1 INTERPRETATION 1 1.1 Definitions 1 1.2 Schedules 24 1.3 Headings 25 1.4 Interpretation Not Affected by Headings 25 1.5 Words Importing N

February 28, 2025 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2025 Commission File Number 1-32895 O

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2025 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of princip

February 27, 2025 EX-99.1

Obsidian Energy Announces TSX Approval for Renewal of Normal Course Issuer Bid

Exhibit 99.1 Obsidian Energy Announces TSX Approval for Renewal of Normal Course Issuer Bid CALGARY, February 27, 2025 - OBSIDIAN ENERGY LTD. (TSX/NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted Obsidian Energy's notice of intention to renew our normal course issuer bid (the "NCIB"). The NC

February 27, 2025 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2025 Commission File Number 1-32895 O

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2025 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of princip

February 26, 2025 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2025 Commission File Number 1-32895 O

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2025 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of princip

February 26, 2025 EX-99.1

Obsidian Energy Announces Launch of an Offer to Purchase up to $3.0 Million of our Outstanding Senior Unsecured Notes

Exhibit 99.1 Obsidian Energy Announces Launch of an Offer to Purchase up to $3.0 Million of our Outstanding Senior Unsecured Notes CALGARY, February 26, 2025 - OBSIDIAN ENERGY LTD. (TSX/NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) today announced that we have commenced an offer (the "Offer") to purchase for cash, up to an aggregate amount of $3.0 million (the “Maxim

February 25, 2025 EX-99.5

CERTIFICATION PURSUANT TO RULE 13a-14 OR 15d-14 OF THE SECURITIES EXCHANGE ACT OF 1934

Exhibit 99.5 CERTIFICATION PURSUANT TO RULE 13a-14 OR 15d-14 OF THE SECURITIES EXCHANGE ACT OF 1934 I, Stephen E. Loukas, certify that: 1. I have reviewed this annual report on Form 40-F of Obsidian Energy Ltd.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circu

February 25, 2025 40-F

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 40-F

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 40-F (Check One) [ ] Registration statement pursuant to Section 12 of the Securities Exchange Act of 1934 or [X] Annual report pursuant to section 13(a) or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2024 Commission file number 1-32895 OBSIDIAN ENERGY LTD. (Exact name of registrant

February 25, 2025 EX-99.1

Obsidian Energy Confirms Filing of Its 2024 Year End Disclosure Documents

Exhibit 99.1 Obsidian Energy Confirms Filing of Its 2024 Year End Disclosure Documents CALGARY, February 25, 2025 – OBSIDIAN ENERGY LTD. (TSX / NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) announces that it has filed with Canadian securities regulatory authorities its audited Consolidated Financial Statements for the year ended December 31, 2024, and related Managem

February 25, 2025 EX-99.10

1920, 401 – 9th Ave SW Calgary, AB, Canada T2P 3C5 I teI 403-266-9500 I gIjpc.com

Exhibit 99.10 February 25, 2025 Securities and Exchange Commission (SEC) Re: Reserves Assessment and Evaluation of Canadian Oil and Gas properties of Obsidian Energy Ltd. (As of December 31, 2024) We refer to our report dated January 24, 2025, entitled “Reserves Assessment and Evaluation of Canadian Oil and Gas Properties of Obsidian Energy Ltd. (As of December 31, 2024)” (the “GLJ Report”). We he

February 25, 2025 EX-99.4

SUPPLEMENTARY OIL AND GAS INFORMATION - (UNAUDITED)

Exhibit 99.4 SUPPLEMENTARY OIL AND GAS INFORMATION - (UNAUDITED) The disclosures contained in this section provide oil and gas information in accordance with the U.S. standard, “Extractive Activities – Oil and Gas”. Obsidian Energy’s financial reporting is prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board. For

February 25, 2025 EX-99.2

Obsidian Energy Announces First Half 2025 Capital Program and Guidance • Capital plan of 38 net operated wells weighted towards Peace River asset, following up on our 2024 development program • Initiation of Clearwater waterflood program to support f

Exhibit 99.2 Obsidian Energy Announces First Half 2025 Capital Program and Guidance • Capital plan of 38 net operated wells weighted towards Peace River asset, following up on our 2024 development program • Initiation of Clearwater waterflood program to support future Peace River growth CALGARY, February 25, 2025 - OBSIDIAN ENERGY LTD. (TSX / NYSE American – OBE) (“Obsidian Energy”, the “Company”,

February 25, 2025 EX-99.1

Obsidian Energy Announces Fourth Quarter and Full Year 2024 Results • Generated $432.0 million of funds flow from operations, representing a 14 percent increase over 2023 (22 percent on a per share basis) • Average 2024 production increased 16 percen

Exhibit 99.1 Obsidian Energy Announces Fourth Quarter and Full Year 2024 Results • Generated $432.0 million of funds flow from operations, representing a 14 percent increase over 2023 (22 percent on a per share basis) • Average 2024 production increased 16 percent to 37,474 boe/d over 2023 • Repurchased and cancelled six percent of shares outstanding for $41.7 million in 2024 • 2024 capital progra

February 25, 2025 EX-99.6

CERTIFICATION PURSUANT TO RULE 13a-14 OR 15d-14 OF THE SECURITIES EXCHANGE ACT OF 1934

Exhibit 99.6 CERTIFICATION PURSUANT TO RULE 13a-14 OR 15d-14 OF THE SECURITIES EXCHANGE ACT OF 1934 I, Peter D. Scott, certify that: 1. I have reviewed this annual report on Form 40-F of Obsidian Energy Ltd.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumst

February 25, 2025 EX-99.1

OBSIDIAN ENERGY LTD. Annual Information Form for the year ended December 31, 2024 February 24, 2025 Table of Contents

Exhibit 99.1 OBSIDIAN ENERGY LTD. Annual Information Form for the year ended December 31, 2024 February 24, 2025 Table of Contents GLOSSARY OF TERMS 2 CONVENTIONS 3 ABBREVIATIONS 4 OIL AND GAS INFORMATION ADVISORIES 4 CONVERSIONS 5 EFFECTIVE DATE OF INFORMATION 5 SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS 5 GENERAL AND ORGANIZATIONAL STRUCTURE 8 DESCRIPTION OF OUR BUSINESS 9 CAPITALIZATION

February 25, 2025 EX-99.9

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Exhibit 99.9 KPMG LLP 205 5th Avenue SW Suite 3100 Calgary AB T2P 4B9 Tel 403-691-8000 Fax 403-691-8008 www.kpmg.ca CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM The Board of Directors of Obsidian Energy Ltd. We consent to the use of: • our report dated February 24, 2025 on the consolidated financial statements of Obsidian Energy Ltd. (the “Entity”) which comprise the consolidated balan

February 25, 2025 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2025 Commission File Number 1-32895 O

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2025 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of princip

February 25, 2025 EX-99.3

Obsidian Energy Ltd.

Exhibit 99.3 Report of Independent Registered Public Accounting Firm To the Shareholders and Board of Directors of Obsidian Energy Ltd.: Opinion on the Consolidated Financial Statements We have audited the accompanying consolidated balance sheets of Obsidian Energy Ltd. and subsidiaries (the “Company”) as of December 31, 2024 and 2023, the related consolidated statements of income (loss), cash flo

February 25, 2025 EX-99.8

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

Exhibit 99.8 CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 In connection with the Annual Report of Obsidian Energy Ltd. (the “Company”) on Form 40-F for the year ended December 31, 2024, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Peter D. Scott, Senior Vice President and Chief F

February 25, 2025 EX-99.7

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

Exhibit 99.7 CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 In connection with the Annual Report of Obsidian Energy Ltd. (the “Company”) on Form 40-F for the year ended December 31, 2024, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Stephen E. Loukas, President and Chief Executive

February 25, 2025 EX-99.2

MANAGEMENT’S DISCUSSION AND ANALYSIS For the year ended December 31, 2024

Exhibit 99.2 MANAGEMENT’S DISCUSSION AND ANALYSIS For the year ended December 31, 2024 This management’s discussion and analysis of financial condition and results of operations (“MD&A”) of Obsidian Energy Ltd. (“Obsidian Energy”, the “Company”, “we”, “us”, “our”) should be read in conjunction with the Company's audited consolidated financial statements ("audited consolidated Financial Statements"

February 25, 2025 EX-97

Schedule A INCENTIVE-BASED COMPENSATION CLAWBACK POLICY RECEIPT AND ACKNOWLEDGEMENT

Exhibit 97 OBSIDIAN ENERGY POLICIES INCENTIVE COMPENSATION RECOVERY POLICY Approved by: Board of Directors Date: Effective October 2, 2023 1.

February 25, 2025 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2025 Commission File Number 1-32895 O

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2025 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of princip

February 21, 2025 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2025 Commission File Number 1-32895 O

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2025 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of princip

February 21, 2025 EX-99.2

CONSENT AND FIRST AMENDING AGREEMENT

Execution Version Exhibit 99.2 CONSENT AND FIRST AMENDING AGREEMENT THIS AGREEMENT is made effective as of September 18, 2024 BETWEEN: OBSIDIAN ENERGY LTD., a corporation subsisting under the laws of the Province of Alberta (hereinafter referred to as the "Borrower"), OF THE FIRST PART, - and - ROYAL BANK OF CANADA, BANK OF MONTREAL, and CANADIAN WESTERN BANK, OF THE SECOND PART, - and - ROYAL BAN

February 21, 2025 EX-99.3

SECOND AMENDING AGREEMENT

Execution Version Exhibit 99.3 SECOND AMENDING AGREEMENT THIS AGREEMENT is made effective as of October 7, 2024 BETWEEN: OBSIDIAN ENERGY LTD., a corporation subsisting under the laws of the Province of Alberta (hereinafter referred to as the "Borrower"), OF THE FIRST PART, - and - ROYAL BANK OF CANADA, BANK OF MONTREAL, CANADIAN WESTERN BANK, INDUSTRIAL AND COMMERCIAL BANK OF CHINA (CANADA) and IC

February 21, 2025 EX-99.1

AMENDED AND RESTATED CREDIT AGREEMENT OBSIDIAN ENERGY LTD. as Borrower ROYAL BANK OF CANADA, BANK OF MONTREAL, CANADIAN WESTERN BANK INDUSTRIAL AND COMMERCIAL BANK OF CHINA (CANADA) and such other persons as become parties hereto as lenders, as Lende

Execution Version Exhibit 99.1 CDN.$335,000,000 CREDIT FACILITIES AMENDED AND RESTATED CREDIT AGREEMENT BETWEEN OBSIDIAN ENERGY LTD. as Borrower AND ROYAL BANK OF CANADA, BANK OF MONTREAL, CANADIAN WESTERN BANK and INDUSTRIAL AND COMMERCIAL BANK OF CHINA (CANADA) and such other persons as become parties hereto as lenders, as Lenders AND ROYAL BANK OF CANADA as Agent of the Lenders MADE AS OF JUNE

February 20, 2025 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2025 Commission File Number 1-32895 O

6-K 1 february192025pressr.htm 6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2025 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta

February 20, 2025 EX-99.1

Obsidian Energy Announces Sale of Operated Pembina Assets for $320 Million in Cash, Equity and Assets • Obsidian Energy to receive $220 million in cash, $85 million in equity and a 34.6 percent interest in the Willesden Green Cardium Unit #2 Field, s

EX-99.1 2 obe-ex991.htm EX-99.1 Exhibit 99.1 Obsidian Energy Announces Sale of Operated Pembina Assets for $320 Million in Cash, Equity and Assets • Obsidian Energy to receive $220 million in cash, $85 million in equity and a 34.6 percent interest in the Willesden Green Cardium Unit #2 Field, subject to adjustment in certain circumstances • Transaction results in significantly reduced debt and enh

February 4, 2025 EX-99.1

Obsidian Energy Announces Increase in 2024 Reserves Across All Categories • Reserve replacement of 146 percent, 229 percent and 296 percent of 2024 production on a proved developed producing (“PDP”) reserves, proved (“1P”) reserves, and proved plus p

Exhibit 99.1 Obsidian Energy Announces Increase in 2024 Reserves Across All Categories • Reserve replacement of 146 percent, 229 percent and 296 percent of 2024 production on a proved developed producing (“PDP”) reserves, proved (“1P”) reserves, and proved plus probable(“2P”) reserves basis, respectively • 1P reserve value increased 23 percent on a per share basis to $2.3 billion (before-tax, disc

February 4, 2025 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2025 Commission File Number 1-32895 O

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2025 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of princip

January 14, 2025 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of January 2025 Commission File Number 1-32895 Ob

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of January 2025 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principa

January 14, 2025 EX-99.1

Obsidian Energy Announces 2024 Operations Update and Commencement of 2025 Drilling Program • Estimated 2024 average production of approximately 37,450 boe/d exceeded the top end of our guidance range • Completion of 2024 capital program provided furt

Exhibit 99.1 Obsidian Energy Announces 2024 Operations Update and Commencement of 2025 Drilling Program • Estimated 2024 average production of approximately 37,450 boe/d exceeded the top end of our guidance range • Completion of 2024 capital program provided furthers delineation of Peace River acreage • Successful results from first wells drilled in new Peavine and Gift Lake areas in Peace River w

November 7, 2024 EX-99.1

JOINT FILING AGREEMENT

EX-99.1 2 ex991tosc13d08016014110724.htm JOINT FILING AGREEMENT, DATED NOVEMBER 7, 2024 Exhibit 99.1 JOINT FILING AGREEMENT In accordance with Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a Statement on Schedule 13D (including amendments thereto) with respect to the common shares of Obsid

November 7, 2024 SC 13D

OBE / Obsidian Energy Ltd. / FrontFour Capital Group LLC - THE SCHEDULE 13D Activist Investment

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2(a) (Amendment No. )1 Obsidian Energy Ltd. (Name of Issuer) Common Shares (Title of Class of Securities) 674482203 (CUSIP Number) DAVID A. LORBER FRONTFOUR CAPITAL GROUP LLC

October 31, 2024 EX-99.2

MANAGEMENT’S DISCUSSION AND ANALYSIS For the three and nine months ended September 30, 2024

Exhibit 99.2 MANAGEMENT’S DISCUSSION AND ANALYSIS For the three and nine months ended September 30, 2024 This management’s discussion and analysis of financial condition and results of operations (“MD&A”) of Obsidian Energy Ltd. (“Obsidian Energy”, the “Company”, “we”, “us”, “our”) should be read in conjunction with the Company's unaudited interim condensed consolidated financial statements for th

October 31, 2024 EX-99.1

Obsidian Energy Announces Third Quarter 2024 Results • Higher third quarter funds flow from operations of $124.7 million ($1.64 per share) – a 34 percent increase over the third quarter of 2023 on a per share basis • 2024 average production expected

Exhibit 99.1 Obsidian Energy Announces Third Quarter 2024 Results • Higher third quarter funds flow from operations of $124.7 million ($1.64 per share) – a 34 percent increase over the third quarter of 2023 on a per share basis • 2024 average production expected to be at the top end of guidance range • Robust Clearwater exploration/appraisal drilling results at West Dawson establishes new developm

October 31, 2024 EX-99.4

FORM 52-109F2 CERTIFICATION OF INTERIM FILINGS FULL CERTIFICATE

Exhibit 99.4 FORM 52-109F2 CERTIFICATION OF INTERIM FILINGS FULL CERTIFICATE I, Stephen Loukas, President and Chief Executive Officer of Obsidian Energy Ltd., certify the following: 1. Review: I have reviewed the interim financial report and interim MD&A (together the “interim filings”) of Obsidian Energy Ltd. (the “issuer”) for the interim period ended September 30, 2024. 2. No misrepresentations

October 31, 2024 EX-99.3

Obsidian Energy Ltd. Consolidated Balance Sheets

Exhibit 99.3 Obsidian Energy Ltd. Consolidated Balance Sheets As at (CAD millions, unaudited) Note September 30, 2024 December 31, 2023 Assets Current Cash $ 0.9 $ 0.5 Accounts receivable 87.8 70.0 Risk management 7 6.7 11.3 Prepaid expenses and other 17.3 12.8 112.7 94.6 Non-current Property, plant and equipment 3 2,101.8 1,944.0 Risk management 7 - 1.0 Deferred income tax 11 185.3 210.8 2,287.1

October 31, 2024 EX-99.5

FORM 52-109F2 CERTIFICATION OF INTERIM FILINGS FULL CERTIFICATE

Exhibit 99.5 FORM 52-109F2 CERTIFICATION OF INTERIM FILINGS FULL CERTIFICATE I, Peter Scott, Senior Vice President and Chief Financial Officer of Obsidian Energy Ltd., certify the following: 1. Review: I have reviewed the interim financial report and interim MD&A (together, the “interim filings”) of Obsidian Energy Ltd. (the “issuer”) for the interim period ended September 30, 2024. 2. No misrepre

October 31, 2024 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of October 2024 Commission File Number 1-32895 Ob

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of October 2024 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principa

October 24, 2024 EX-99.1

Obsidian Energy Announces Date of Third Quarter 2024 Results

EX-99.1 2 obe-ex991.htm EX-99.1 Exhibit 99.1 Obsidian Energy Announces Date of Third Quarter 2024 Results CALGARY, October 24, 2024 – OBSIDIAN ENERGY LTD. (TSX / NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”)expects to release our third quarter 2024 financial and operational results (the “Release”) before North American markets open on Thursday, October 31, 2024. In a

October 24, 2024 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of October 2024 Commission File Number 1-32895 Ob

6-K 1 october242024pressre.htm 6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of October 2024 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta

October 8, 2024 EX-99.1

Obsidian Energy Announces Syndicated Credit Facility Increase to $300 Million

Exhibit 99.1 Obsidian Energy Announces Syndicated Credit Facility Increase to $300 Million CALGARY, October 7, 2024 - OBSIDIAN ENERGY LTD. (TSX/NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) today announced an increase to our syndicated credit facility (the “Credit Facility”) along with the substantial repayment of our term loan (the “Term Loan”). The aggregate amount

October 8, 2024 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of October 2024 Commission File Number 1-32895 Ob

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of October 2024 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principa

October 1, 2024 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of October 2024 Commission File Number 1-32895 Ob

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of October 2024 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principa

October 1, 2024 EX-99.1

Obsidian Energy Announces Increased 2024 Production Guidance and Revised Capital Program • Revised 2024 guidance range upward to 37,000 to 37,400 boe/d with continued outperformance of development program • Recalibrated fourth quarter 2024 capital pr

Exhibit 99.1 Obsidian Energy Announces Increased 2024 Production Guidance and Revised Capital Program • Revised 2024 guidance range upward to 37,000 to 37,400 boe/d with continued outperformance of development program • Recalibrated fourth quarter 2024 capital program to allow incremental share buybacks and additional debt reduction • Licensed initial well targeting Belly River formation in Willes

September 9, 2024 EX-99.1

Obsidian Energy Announces Strong Peace River Results and Upwardly Revised Guidance • Increased August average production to ~40,000 boe/d (based on internal field estimates) • Grew Peace River total average production to ~11,500 boe/d, which included

Exhibit 99.1 Obsidian Energy Announces Strong Peace River Results and Upwardly Revised Guidance • Increased August average production to ~40,000 boe/d (based on internal field estimates) • Grew Peace River total average production to ~11,500 boe/d, which included ~3,800 boe/d of Clearwater production (based on internal field estimates) • Revised 2024 guidance range upwardly to reflect higher produ

September 9, 2024 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of September 2024 Commission File Number 1-32895

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of September 2024 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of princi

September 5, 2024 EX-2.01.INS

XBRL INSTANCE DOCUMENT

0001334388obe:ProvinceOfAlbertaMembercountry:CA2023-01-012023-12-31 0001334388obe:CardiumProjectMember2023-01-012023-12-31 0001334388obe:LegacyProjectMember2023-01-012023-12-31 0001334388obe:PaulFirstNationIndustryRelationsMembercountry:CA2023-01-012023-12-31 0001334388obe:YellowheadCountyMembercountry:CA2023-01-012023-12-31 0001334388obe:CountyOfWetaskiwinNo10Membercountry:CA2023-01-012023-12-31

September 5, 2024 EX-2.01.SCH

XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT

Viking Viking Project [Member] Viking Project. Peace River Peace River Project [Member] Peace River Project. Cardium Cardium Project [Member] Cardium Project. CANADA Parkland County Parkland County [Member] Parkland County. Clearwater County Clearwater County [Member] Clearwater County. Northern Sunrise County Northern Sunrise County [Member] Northern Sunrise County. Province of Alberta Province o

September 5, 2024 SD

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM SD Specialized Disclosure Report OBSIDIAN ENERGY LTD. (Exact name of registrant as specified in its charter)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM SD Specialized Disclosure Report OBSIDIAN ENERGY LTD. (Exact name of registrant as specified in its charter) Alberta, Canada 001-32895 Not applicable (State or other jurisdiction of incorporation or organization) (Commission File Number) (IRS Employer Identification No.) Suite 200, 207 – 9th Avenue SW Calgary, Alberta, Ca

August 15, 2024 424B1

OBSIDIAN ENERGY LTD. Up to 668,933 common shares offered by selling securityholders

Table of Contents Filed Pursuant to Rule 424(b)(1) Registration No. 333-281223 PROSPECTUS OBSIDIAN ENERGY LTD. Up to 668,933 common shares offered by selling securityholders This prospectus relates to the offer and sale from time to time by the persons identified as selling securityholders under “Selling Securityholders” in this prospectus of up to 668,933 common shares of Obsidian Energy Ltd. pre

August 12, 2024 CORRESP

[LETTERHEAD OF OBSIDIAN ENERGY LTD.]

[LETTERHEAD OF OBSIDIAN ENERGY LTD.] August 12, 2024 VIA EDGAR Division of Corporation Finance Office of Energy & Transportation Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549 Attn: Timothy S. Levenberg Re: Request for Acceleration – Obsidian Energy Ltd. Registration Statement on Form F-3 File No. 333-281223 Ladies and Gentlemen: Pursuant to Rule 461 promulgated under

August 5, 2024 EX-99.1

Obsidian Energy Announces Filing of Resale Shelf Registration Statement for Administrative Purposes

Exhibit 99.1 Obsidian Energy Announces Filing of Resale Shelf Registration Statement for Administrative Purposes CALGARY, August 5, 2024—OBSIDIAN ENERGY LTD. (TSX / NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) announced that it has filed a resale shelf registration statement on Form F-3 with the U.S. Securities and Exchange Commission (the “SEC”) on August 2, 2024,

August 5, 2024 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of August 2024 Commission File Number 1-32895 Obs

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of August 2024 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant’s name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principal

August 2, 2024 EX-3.1

CORPORATE ACCESS NUMBER: 2024808459 BUSINESS CORPORATIONS ACT OBSIDIAN ENERGY LTD. IS THE RESULT OF AN AMALGAMATION FILED ON 2023/01/01.

Exhibit 3.1 CORPORATE ACCESS NUMBER: 2024808459 BUSINESS CORPORATIONS ACT CERTIFICATE OF AMALGAMATION OBSIDIAN ENERGY LTD. IS THE RESULT OF AN AMALGAMATION FILED ON 2023/01/01. Amalgamate Alberta Corporation - Registration Statement Alberta Registration Date: 2023/01/01 Corporate Access Number: 2024808459 Business Number: Service Request Number: 38858021 Alberta Corporation Type: Named Alberta Cor

August 2, 2024 F-3

As filed with the Securities and Exchange Commission on August 2, 2024

F-3 1 d879276df3.htm F-3 As filed with the Securities and Exchange Commission on August 2, 2024 Registration No. 333-    UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM F-3 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 OBSIDIAN ENERGY LTD. (Exact name of Registrant as Specified in its Charter) Alberta, Canada Not Applicable (State or other jurisdiction of Inc

August 2, 2024 EX-FILING FEES

Calculation of Filing Fee Table Form F-3 (Form Type) Obsidian Energy Ltd. (Exact Name of Registrant as Specified in its Charter) Table 1: Newly Registered and Carry Forward Securities

Exhibit 107 Calculation of Filing Fee Table Form F-3 (Form Type) Obsidian Energy Ltd.

August 1, 2024 EX-99.4

FORM 52-109F2 CERTIFICATION OF INTERIM FILINGS FULL CERTIFICATE

Exhibit 99.4 FORM 52-109F2 CERTIFICATION OF INTERIM FILINGS FULL CERTIFICATE I, Stephen Loukas, President and Chief Executive Officer of Obsidian Energy Ltd., certify the following: 1. Review: I have reviewed the interim financial report and interim MD&A (together the “interim filings”) of Obsidian Energy Ltd. (the “issuer”) for the interim period ended June 30, 2024. 2. No misrepresentations: Bas

August 1, 2024 EX-99.5

FORM 52-109F2 CERTIFICATION OF INTERIM FILINGS FULL CERTIFICATE

Exhibit 99.5 FORM 52-109F2 CERTIFICATION OF INTERIM FILINGS FULL CERTIFICATE I, Peter Scott, Senior Vice President and Chief Financial Officer of Obsidian Energy Ltd., certify the following: 1. Review: I have reviewed the interim financial report and interim MD&A (together, the “interim filings”) of Obsidian Energy Ltd. (the “issuer”) for the interim period ended June 30, 2024. 2. No misrepresenta

August 1, 2024 EX-99.3

Obsidian Energy Ltd. Consolidated Balance Sheets

Exhibit 99.3 Obsidian Energy Ltd. Consolidated Balance Sheets As at (CAD millions, unaudited) Note June 30, 2024 December 31, 2023 Assets Current Cash $ 0.3 $ 0.5 Accounts receivable 89.0 70.0 Risk management 7 11.1 11.3 Prepaid expenses and other 19.7 12.8 120.1 94.6 Non-current Property, plant and equipment 3 2,085.4 1,944.0 Risk management 7 - 1.0 Deferred income tax 11 194.8 210.8 2,280.2 2,15

August 1, 2024 EX-99.2

MANAGEMENT’S DISCUSSION AND ANALYSIS For the three and six months ended June 30, 2024

Exhibit 99.2 MANAGEMENT’S DISCUSSION AND ANALYSIS For the three and six months ended June 30, 2024 This management’s discussion and analysis of financial condition and results of operations (“MD&A”) of Obsidian Energy Ltd. (“Obsidian Energy”, the “Company”, “we”, “us”, “our”) should be read in conjunction with the Company's unaudited interim condensed consolidated financial statements for the thre

August 1, 2024 EX-99.1

Obsidian Energy Announces Second Quarter 2024 Results • Grew year-over-year average daily production by 15 percent to 35,773 boe/d • Increased funds flow from operations by 41 percent on a per share basis to $115.2 million ($1.51 per share) • Complet

Exhibit 99.1 Obsidian Energy Announces Second Quarter 2024 Results • Grew year-over-year average daily production by 15 percent to 35,773 boe/d • Increased funds flow from operations by 41 percent on a per share basis to $115.2 million ($1.51 per share) • Completed first half capital program with 34 (33.4 net) operated wells rig released and 33 (32.4 net) wells brought on production • Completed th

August 1, 2024 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of August 2024 Commission File Number 1-32895 Obs

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of August 2024 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principal

July 25, 2024 EX-99.1

Obsidian Energy Announces Date of Second Quarter 2024 Results

Exhibit 99.1 Obsidian Energy Announces Date of Second Quarter 2024 Results CALGARY, July 25, 2024 – OBSIDIAN ENERGY LTD. (TSX / NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) expects to release our second quarter 2024 financial and operational results (the “Release”) before North American markets open on Thursday, August 1, 2024. In addition, the second quarter manage

July 25, 2024 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of July 2024 Commission File Number 1-32895 Obsid

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of July 2024 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principal e

June 27, 2024 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of June 2024 Commission File Number 1-32895 Obsid

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of June 2024 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant’s name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principal e

June 27, 2024 EX-99.1

Obsidian Energy Announces Closing of Peace River Acquisition

Exhibit 99.1 Obsidian Energy Announces Closing of Peace River Acquisition CALGARY, June 26, 2024—OBSIDIAN ENERGY LTD. (TSX / NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) is pleased to announce it has closed its previously announced acquisition of approximately 1,700 boe/d (100 percent oil, based on April 2024 actual production) of Clearwater production and 148 net s

June 11, 2024 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of June 2024 Commission File Number 1-32895 Obsid

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of June 2024 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principal e

June 11, 2024 EX-99.1

Obsidian Energy Announces Agreement with the Woodland Cree First Nation • Commences Restart of Production at our Harmon Valley South field

Exhibit 99.1 Obsidian Energy Announces Agreement with the Woodland Cree First Nation • Commences Restart of Production at our Harmon Valley South field CALGARY, June 11, 2024 – OBSIDIAN ENERGY LTD. (TSX / NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we” or “our”) today announced that we have reached a mutually beneficial agreement in principle with the Woodland Cree First Nation (the “

May 29, 2024 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2024 Commission File Number 1-32895 Obsidi

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2024 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principal ex

May 29, 2024 EX-99.2

Obsidian Energy Announces Peace River Acquisition and Increased 2024 Average Production Guidance • Peace River Peavine and Gift Lake acquisition provides additional production, reserves and development potential along the Clearwater trend from our su

Exhibit 99.2 Obsidian Energy Announces Peace River Acquisition and Increased 2024 Average Production Guidance • Peace River Peavine and Gift Lake acquisition provides additional production, reserves and development potential along the Clearwater trend from our successful Dawson field • 2024 Guidance revised to reflect the acquisition, reduced capital expenditures and higher average production, fun

May 29, 2024 EX-99.1

Obsidian Energy Announces 2024 Development Program Results Above Expectations • Substantially completed active first half development program with 32 (31.4 net) operated wells rig released and 30 (29.4 net) operated development wells brought on produ

Exhibit 99.1 Obsidian Energy Announces 2024 Development Program Results Above Expectations • Substantially completed active first half development program with 32 (31.4 net) operated wells rig released and 30 (29.4 net) operated development wells brought on production to date • Robust results from our Peace River Dawson Clearwater development area are encouraging with 1,330 boe/d production (100 p

May 15, 2024 EX-99.1

Obsidian Energy Discloses Details of Commercial Dispute With Woodland Cree First Nation

EX-99.1 Exhibit 99.1 Obsidian Energy Discloses Details of Commercial Dispute With Woodland Cree First Nation CALGARY, May 15, 2024 – OBSIDIAN ENERGY LTD. (TSX / NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) today disclosed details regarding a commercial dispute with the Woodland Cree First Nation (the “WCFN”). The Company provided this disclosure in response to misle

May 15, 2024 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2024 Commission File Number 1-32895 Obsidi

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2024 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant’s name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principal ex

May 2, 2024 EX-99.1

Obsidian Energy Announces First Quarter 2024 Results • Increased average production to 34,238 boe/d, up 11 percent per share over the first quarter of 2023; an additional 17 (17.0 net) operated wells came on production in April • Generated funds flow

Exhibit 99.1 Obsidian Energy Announces First Quarter 2024 Results • Increased average production to 34,238 boe/d, up 11 percent per share over the first quarter of 2023; an additional 17 (17.0 net) operated wells came on production in April • Generated funds flow from operations of $84.4 million ($1.09 per share) • Began active first half development program with 25 (24.4 net) operated wells rig r

May 2, 2024 EX-99.2

Annual and Special Meeting of Shareholders of Obsidian Energy Ltd. (the “Issuer”) May 2, 2024 REPORT OF VOTING RESULTS

Exhibit 99.2 Annual and Special Meeting of Shareholders of Obsidian Energy Ltd. (the “Issuer”) May 2, 2024 REPORT OF VOTING RESULTS The following matters were voted upon at the Annual and Special Meeting of shareholders (“Shareholders”) of the Issuer held on May 2, 2024 in Calgary, Alberta. Each matter voted upon is described in greater detail in the Notice of 2024 Annual and Special Meeting and M

May 2, 2024 EX-99.4

FORM 52-109F2 CERTIFICATION OF INTERIM FILINGS FULL CERTIFICATE

Exhibit 99.4 FORM 52-109F2 CERTIFICATION OF INTERIM FILINGS FULL CERTIFICATE I, Stephen Loukas, President and Chief Executive Officer of Obsidian Energy Ltd., certify the following: 1. Review: I have reviewed the interim financial report and interim MD&A (together the “interim filings”) of Obsidian Energy Ltd. (the “issuer”) for the interim period ended March 31, 2024. 2. No misrepresentations: Ba

May 2, 2024 EX-99.1

Obsidian Energy Announces Voting Results from the 2024 Annual and Special Meeting of Shareholders

Exhibit 99.1 Obsidian Energy Announces Voting Results from the 2024 Annual and Special Meeting of Shareholders • New corporate presentation and management webcast available for replay on website CALGARY, May 2, 2024 – OBSIDIAN ENERGY LTD. (TSX / NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) is pleased to announce that at its annual and special meeting of shareholders

May 2, 2024 EX-99.5

FORM 52-109F2 CERTIFICATION OF INTERIM FILINGS FULL CERTIFICATE

Exhibit 99.5 FORM 52-109F2 CERTIFICATION OF INTERIM FILINGS FULL CERTIFICATE I, Peter Scott, Senior Vice President and Chief Financial Officer of Obsidian Energy Ltd., certify the following: 1. Review: I have reviewed the interim financial report and interim MD&A (together, the “interim filings”) of Obsidian Energy Ltd. (the “issuer”) for the interim period ended March 31, 2024. 2. No misrepresent

May 2, 2024 EX-99.2

MANAGEMENT’S DISCUSSION AND ANALYSIS For the three months ended March 31, 2024

Exhibit 99.2 MANAGEMENT’S DISCUSSION AND ANALYSIS For the three months ended March 31, 2024 This management’s discussion and analysis of financial condition and results of operations (“MD&A”) of Obsidian Energy Ltd. (“Obsidian Energy”, the “Company”, “we”, “us”, “our”) should be read in conjunction with the Company's unaudited interim condensed consolidated financial statements for the three month

May 2, 2024 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2024 Commission File Number 1-32895 Obsidi

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2024 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant’s name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta, Canada T2P 1K3 (Address of principal e

May 2, 2024 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2024 Commission File Number 1-32895 Obsidi

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2024 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principal ex

May 2, 2024 EX-99.3

Obsidian Energy Ltd. Consolidated Balance Sheets

Exhibit 99.3 Obsidian Energy Ltd. Consolidated Balance Sheets As at (CAD millions, unaudited) Note March 31, 2024 December 31, 2023 Assets Current Cash $ 0.3 $ 0.5 Accounts receivable 83.2 70.0 Risk management 7 8.3 11.3 Prepaid expenses and other 14.3 12.8 106.1 94.6 Non-current Property, plant and equipment 3 2,002.8 1,944.0 Risk management 7 - 1.0 Deferred income tax 11 206.5 210.8 2,209.3 2,15

April 26, 2024 EX-99.1

Obsidian Energy Announces Date of First Quarter 2024 Results and AGM Webcast

Exhibit 99.1 Obsidian Energy Announces Date of First Quarter 2024 Results and AGM Webcast CALGARY, April 25, 2024 – OBSIDIAN ENERGY LTD. (TSX / NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) expects to release our first quarter 2024 financial and operational results (the “Release”) before North American markets open on Thursday, May 2, 2024. In addition, the first qua

April 26, 2024 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2024 Commission File Number 1-32895 Obsi

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2024 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant’s name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principal

March 27, 2024 EX-99.1

NOTICE OF 2024 ANNUAL AND SPECIAL MEETING MANAGEMENT INFORMATION CIRCULAR AND PROXY STATEMENT OBSIDIAN ENERGY 2024 MANAGEMENT PROXY CIRCULAR

Exhibit 99.1 NOTICE OF 2024 ANNUAL AND SPECIAL MEETING AND MANAGEMENT INFORMATION CIRCULAR AND PROXY STATEMENT OBSIDIAN ENERGY 2024 MANAGEMENT PROXY CIRCULAR NOTICE OF ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS TO BE HELD ON THURSDAY, MAY 2, 2024 NOTICE IS HEREBY GIVEN that an annual and special meeting (the “Meeting”) of the holders (“Shareholders”) of the common shares (“Shares”) of Obsidian Ene

March 27, 2024 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of March 2024 Commission File Number 1-32895 Obsi

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of March 2024 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant’s name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principal

March 27, 2024 EX-99.3

ANNUAL AND SPECIAL MEETING OF THE SHAREHOLDERS OF OBSIDIAN ENERGY LTD. NOTICE AND ACCESS NOTIFICATION

Exhibit 99.3 ANNUAL AND SPECIAL MEETING OF THE SHAREHOLDERS OF OBSIDIAN ENERGY LTD. NOTICE AND ACCESS NOTIFICATION You are receiving this notification as Obsidian Energy Ltd. (the “Corporation”) has decided to use the notice and access provisions under National Instrument 54-101 - Communications with Beneficial Owners of Securities of a Reporting Issuer for delivery of meeting materials to benefic

March 27, 2024 EX-99.2

Instrument of Proxy for the 2024 Annual and Special Meeting of Shareholders

Exhibit 99.2 Instrument of Proxy for the 2024 Annual and Special Meeting of Shareholders This Instrument of Proxy is solicited on behalf of management of Obsidian Energy Ltd. (“Obsidian Energy”) in connection with the 2024 Annual and Special Meeting of Shareholders to be held on Thursday, May 2, 2024 at 9:00 a.m. (Mountain Daylight Time) at the corporate offices of Obsidian Energy Ltd. located at

March 15, 2024 EX-99.1

Obsidian Energy Completes Offer to Purchase $2.0 Million of our Outstanding Senior Unsecured Notes

EX-99.1 Exhibit 99.1 Obsidian Energy Completes Offer to Purchase $2.0 Million of our Outstanding Senior Unsecured Notes CALGARY, March 14, 2024 - OBSIDIAN ENERGY LTD. (TSX/NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) today announced completion of our previously announced offer (the “Offer“) to purchase for cash, up to an aggregate amount of $2.0 million of our outst

March 15, 2024 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of March 2024 Commission File Number 1-32895 Obsi

6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of March 2024 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant’s name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of princi

February 28, 2024 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2024 Commission File Number 1-32895 O

6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2024 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant’s name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of pri

February 28, 2024 EX-99.1

Obsidian Energy Announces Operational Update With Strong Start to 2024 Capital Program

EX-99.1 Exhibit 99.1 Obsidian Energy Announces Operational Update With Strong Start to 2024 Capital Program • Latest Pembina four-well pad produced at peak rate of over 2,000 boe/d at top end of expectations • Continued robust Viking performance with 2023 eight-well pad producing at rates over 1,300 boe/d • Nampa Clearwater well producing at strong early rates with superior oil quality CALGARY, Fe

February 27, 2024 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2024 Commission File Number 1-32895 O

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2024 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant’s name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of princip

February 27, 2024 EX-99.1

Obsidian Energy Announces TSX Approval for Renewal of Normal Course Issuer Bid

Exhibit 99.1 Obsidian Energy Announces TSX Approval for Renewal of Normal Course Issuer Bid CALGARY, February 27, 2024 - OBSIDIAN ENERGY LTD. (TSX/NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) is pleased to announce that the Toronto Stock Exchange (the “TSX”) has accepted Obsidian Energy’s notice of intention to renew our normal course issuer bid (the “NCIB”). The NC

February 26, 2024 EX-99.1

Obsidian Energy Announces Launch of an Offer to Purchase up to $2.0 Million of our Outstanding Senior Unsecured Notes

Exhibit 99.1 Obsidian Energy Announces Launch of an Offer to Purchase up to $2.0 Million of our Outstanding Senior Unsecured Notes CALGARY, February 26, 2024 - OBSIDIAN ENERGY LTD. (TSX/NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) today announced that we have commenced an offer (the “Offer”) to purchase for cash, up to an aggregate amount of $2.0 million (the “Maxim

February 26, 2024 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2024 Commission File Number 1-32895 O

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2024 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant’s name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of princip

February 22, 2024 EX-99.4

SUPPLEMENTARY OIL AND GAS INFORMATION - (UNAUDITED)

Exhibit 99.4 SUPPLEMENTARY OIL AND GAS INFORMATION - (UNAUDITED) The disclosures contained in this section provide oil and gas information in accordance with the U.S. standard, “Extractive Activities – Oil and Gas”. Obsidian Energy’s financial reporting is prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board. For

February 22, 2024 EX-99.7

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

Exhibit 99.7 CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 In connection with the Annual Report of Obsidian Energy Ltd. (the “Company”) on Form 40-F for the year ended December 31, 2023, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Stephen E. Loukas, President and Chief Executive

February 22, 2024 EX-99.1

OBSIDIAN ENERGY LTD. Annual Information Form for the year ended December 31, 2023 February 21, 2024 TABLE OF CONTENTS

Exhibit 99.1 OBSIDIAN ENERGY LTD. Annual Information Form for the year ended December 31, 2023 February 21, 2024 TABLE OF CONTENTS Page GLOSSARY OF TERMS 2 CONVENTIONS 3 ABBREVIATIONS 4 OIL AND GAS INFORMATION ADVISORIES 4 CONVERSIONS 5 EFFECTIVE DATE OF INFORMATION 5 SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS 5 GENERAL AND ORGANIZATIONAL STRUCTURE 8 DESCRIPTION OF OUR BUSINESS 9 CAPITALIZA

February 22, 2024 40-F

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 40-F

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 40-F (Check One) [ ] Registration statement pursuant to Section 12 of the Securities Exchange Act of 1934 or [X] Annual report pursuant to section 13(a) or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2023 Commission file number 1-32895 OBSIDIAN ENERGY LTD. (Exact name of registrant

February 22, 2024 EX-99.8

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

Exhibit 99.8 CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 In connection with the Annual Report of Obsidian Energy Ltd. (the “Company”) on Form 40-F for the year ended December 31, 2023, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Peter D. Scott, Senior Vice President and Chief F

February 22, 2024 EX-99.2

Obsidian Energy Confirms Filing of Its 2023 Year End Disclosure Documents

Exhibit 99.2 Obsidian Energy Confirms Filing of Its 2023 Year End Disclosure Documents CALGARY, February 22, 2024 – OBSIDIAN ENERGY LTD. (TSX / NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) announces that it has filed with Canadian securities regulatory authorities its audited Consolidated Financial Statements for the year ended December 31, 2023, and related Managem

February 22, 2024 EX-99.9

Consent of Independent Registered Public Accounting Firm

Exhibit 99.9 KPMG LLP 205 5th Avenue SW Suite 3100 Calgary AB T2P 4B9 Tel 403-691-8000 Fax 403-691-8008 www.kpmg.ca Consent of Independent Registered Public Accounting Firm The Board of Directors of Obsidian Energy Ltd. We consent to the use of: • our report dated February 21, 2024 on the consolidated financial statements of Obsidian Energy Ltd. (the “Entity”) which comprise the consolidated balan

February 22, 2024 EX-97

Schedule A INCENTIVE-BASED COMPENSATION CLAWBACK POLICY RECEIPT AND ACKNOWLEDGEMENT

Exhibit 97 OBSIDIAN ENERGY POLICIES INCENTIVE COMPENSATION RECOVERY POLICY Approved by: Board of Directors Date: Effective October 2, 2023 1.

February 22, 2024 EX-99.1

Obsidian Energy Announces Fourth Quarter and Full Year 2023 Results Average 2023 production increased five percent over 2022 and 12 percent on a per share basis Generated funds flow from operations of $377.6 million and free cash flow of $58.5 millio

Exhibit 99.1 Obsidian Energy Announces Fourth Quarter and Full Year 2023 Results Average 2023 production increased five percent over 2022 and 12 percent on a per share basis Generated funds flow from operations of $377.6 million and free cash flow of $58.5 million Repurchased and cancelled six percent of shares outstanding for $47.4 million CALGARY, February 22, 2024 - OBSIDIAN ENERGY LTD. (TSX /

February 22, 2024 EX-99.2

MANAGEMENT’S DISCUSSION AND ANALYSIS For the year ended December 31, 2023

Exhibit 99.2 MANAGEMENT’S DISCUSSION AND ANALYSIS For the year ended December 31, 2023 This management’s discussion and analysis of financial condition and results of operations (“MD&A”) of Obsidian Energy Ltd. (“Obsidian Energy”, the “Company”, “we”, “us”, “our”) should be read in conjunction with the Company's audited consolidated financial statements ("audited consolidated Financial Statements"

February 22, 2024 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2024 Commission File Number 1-32895 O

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2024 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant’s name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of princip

February 22, 2024 EX-99.10

1920, 401 – 9th Ave SW Calgary, AB, Canada T2P 3C5 I teI 403-266-9500 I gIjpc.com

Exhibit 99.10 February 22, 2024 Securities and Exchange Commission (SEC) Re: Reserves Assessment and Evaluation of Canadian Oil and Gas properties of Obsidian Energy Ltd. (As of December 31, 2023) We refer to our report dated January 30, 2024 entitled “Reserves Assessment and Evaluation of Canadian Oil and Gas Properties of Obsidian Energy Ltd. (As of December 31, 2023)” (the “GLJ Report”). We her

February 22, 2024 EX-99.6

CERTIFICATION PURSUANT TO RULE 13a-14 OR 15d-14 OF THE SECURITIES EXCHANGE ACT OF 1934

Exhibit 99.6 CERTIFICATION PURSUANT TO RULE 13a-14 OR 15d-14 OF THE SECURITIES EXCHANGE ACT OF 1934 I, Peter D. Scott, certify that: 1. I have reviewed this annual report on Form 40-F of Obsidian Energy Ltd.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumst

February 22, 2024 EX-99.3

Obsidian Energy Ltd. Consolidated Balance Sheets

Exhibit 99.3 Report of Independent Registered Public Accounting Firm To the Shareholders and Board of Directors of Obsidian Energy Ltd.: Opinion on the Consolidated Financial Statements We have audited the accompanying consolidated balance sheets of Obsidian Energy Ltd. and subsidiaries (the “Company”) as of December 31, 2023 and 2022, the related consolidated statements of income, changes in shar

February 22, 2024 EX-99.5

CERTIFICATION PURSUANT TO RULE 13a-14 OR 15d-14 OF THE SECURITIES EXCHANGE ACT OF 1934

Exhibit 99.5 CERTIFICATION PURSUANT TO RULE 13a-14 OR 15d-14 OF THE SECURITIES EXCHANGE ACT OF 1934 I, Stephen E. Loukas, certify that: 1. I have reviewed this annual report on Form 40-F of Obsidian Energy Ltd.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circu

February 20, 2024 EX-99.1

SECOND AMENDING AGREEMENT

Exhibit 99.1 Execution Version SECOND AMENDING AGREEMENT THIS AGREEMENT is made effective as of November 27, 2023 BETWEEN: OBSIDIAN ENERGY LTD., a corporation subsisting under the laws of the Province of Alberta (hereinafter referred to as the “Borrower”), OF THE FIRST PART, - and - ROYAL BANK OF CANADA, BANK OF MONTREAL, CANADIAN WESTERN BANK and INDUSTRIAL AND COMMERCIAL BANK OF CHINA (CANADA) (

February 20, 2024 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2024 Commission File Number 1-32895 O

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2024 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant’s name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of princip

February 14, 2024 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2024 Commission File Number 1-32895 O

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2024 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant’s name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of princip

February 14, 2024 EX-99.1

Obsidian Energy Sets Record Straight Regarding Woodland Cree First Nation Misleading Statements

Exhibit 99.1 Obsidian Energy Sets Record Straight Regarding Woodland Cree First Nation Misleading Statements CALGARY, February 13, 2024 – OBSIDIAN ENERGY LTD. (TSX / NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) today expressed our deep disappointment with the Woodland Cree First Nation (the “WCFN”) senior leadership’s misleading statements issued in a news release y

January 31, 2024 EX-99.1

Obsidian Energy Announces Increase in 2023 Reserves Across All Categories

Exhibit 99.1 Obsidian Energy Announces Increase in 2023 Reserves Across All Categories • Reserve replacement of 124 percent, 157 percent and 217 percent of 2023 production on a proved developed producing (“PDP”), total proved (“1P”), and total proved plus probable (“2P”) basis, respectively CALGARY, January 30, 2024 - OBSIDIAN ENERGY LTD. (TSX / NYSE American – OBE) (“Obsidian Energy”, the “Compan

January 31, 2024 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of January 2024 Commission File Number 1-32895 Ob

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of January 2024 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant’s name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principa

January 25, 2024 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of January 2024 Commission File Number 1-32895 Ob

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of January 2024 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant’s name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principa

January 25, 2024 EX-99.1

Obsidian Energy Announces 2024 Guidance With 12 Percent Growth in Average Annual Production to 36,000 boe/d

Exhibit 99.1 Obsidian Energy Announces 2024 Guidance With 12 Percent Growth in Average Annual Production to 36,000 boe/d • Capital program with 78 operated wells expected to generate 12 percent annual production growth over 2023 • ~$350 million capital program is ~$30 million lower from previous forecast at midpoint • Development plan weighted towards Peace River, expanding on our Bluesky and Clea

January 23, 2024 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of January 2024 Commission File Number 1-32895 Ob

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of January 2024 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant’s name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principa

January 23, 2024 EX-99.1

Obsidian Energy Announces 2024 Guidance and Webcast

Exhibit 99.1 Obsidian Energy Announces 2024 Guidance and Webcast CALGARY, January 22, 2024 – OBSIDIAN ENERGY LTD. (TSX / NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) announces that we expect to release our 2024 capital and operating budget and associated guidance (the “Release”) before North American markets open on January 25, 2024. In conjunction with the Release,

January 9, 2024 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of January 2024 Commission File Number 1-32895 Ob

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of January 2024 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant’s name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principa

January 9, 2024 EX-99.1

Obsidian Energy Announces 2023 Operations Update With Robust Clearwater Results and Continued Growth Plan Execution

Exhibit 99.1 Obsidian Energy Announces 2023 Operations Update With Robust Clearwater Results and Continued Growth Plan Execution • Peace River Clearwater results yield robust early production rates, continuing to delineate the Dawson area • Peace River Bluesky Walrus field results in a successful extension and deeper zone test, adding substantial inventory upside • Strong performance resulted in 2

November 9, 2023 EX-99.1

Obsidian Energy Announces Third Quarter 2023 Results • Increased average production by 10 percent over the third quarter of 2022 due to the strong performance of our development program • Generated funds flow from operations of $98.9 million during t

Exhibit 99.1 Obsidian Energy Announces Third Quarter 2023 Results • Increased average production by 10 percent over the third quarter of 2022 due to the strong performance of our development program • Generated funds flow from operations of $98.9 million during the quarter, resulting in free cash flow of $47.7 million and net debt reduction to $294.3 million • Commenced second half 2023 developmen

November 9, 2023 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of November 2023 Commission File Number 1-32895 O

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of November 2023 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of princip

November 9, 2023 EX-99.4

FORM 52-109F2 CERTIFICATION OF INTERIM FILINGS FULL CERTIFICATE

Exhibit 99.4 FORM 52-109F2 CERTIFICATION OF INTERIM FILINGS FULL CERTIFICATE I, Stephen Loukas, President and Chief Executive Officer of Obsidian Energy Ltd., certify the following: 1. Review: I have reviewed the interim financial report and interim MD&A (together the “interim filings”) of Obsidian Energy Ltd. (the “issuer”) for the interim period ended September 30, 2023. 2. No misrepresentations

November 9, 2023 EX-99.2

MANAGEMENT’S DISCUSSION AND ANALYSIS For the three and nine months ended September 30, 2023

Exhibit 99.2 MANAGEMENT’S DISCUSSION AND ANALYSIS For the three and nine months ended September 30, 2023 This management’s discussion and analysis of financial condition and results of operations (“MD&A”) of Obsidian Energy Ltd. (“Obsidian Energy”, the “Company”, “we”, “us”, “our”) should be read in conjunction with the Company's unaudited interim condensed consolidated financial statements for th

November 9, 2023 EX-99.3

Obsidian Energy Ltd. Consolidated Balance Sheets

Exhibit 99.3 Obsidian Energy Ltd. Consolidated Balance Sheets As at (CAD millions, unaudited) Note September 30, 2023 December 31, 2022 Assets Current Cash $ 0.9 $ 0.8 Accounts receivable 82.7 82.6 Risk management 7 3.8 6.2 Prepaid expenses and other 16.3 10.7 103.7 100.3 Non-current Property, plant and equipment 3 1,893.8 1,857.6 Deferred income tax 11 222.6 246.4 2,116.4 2,104.0 Total assets $ 2

November 9, 2023 EX-99.5

FORM 52-109F2 CERTIFICATION OF INTERIM FILINGS FULL CERTIFICATE

Exhibit 99.5 FORM 52-109F2 CERTIFICATION OF INTERIM FILINGS FULL CERTIFICATE I, Peter Scott, Senior Vice President and Chief Financial Officer of Obsidian Energy Ltd., certify the following: 1. Review: I have reviewed the interim financial report and interim MD&A (together, the “interim filings”) of Obsidian Energy Ltd. (the “issuer”) for the interim period ended September 30, 2023. 2. No misrepre

November 2, 2023 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of November 2023 Commission File Number 1-32895 O

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of November 2023 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant’s name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of princip

November 2, 2023 EX-99.1

Obsidian Energy Announces Release Date of Third Quarter 2023 Results

Exhibit 99.1 Obsidian Energy Announces Release Date of Third Quarter 2023 Results CALGARY, November 2, 2023 – OBSIDIAN ENERGY LTD. (TSX / NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) announces that we expect to release our third quarter 2023 financial and operational results before North American markets open on Thursday, November 9, 2023. In addition, the third qua

October 12, 2023 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of October 2023 Commission File Number 1-32895 Ob

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of October 2023 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant’s name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principa

October 12, 2023 EX-99.1

Obsidian Energy Announces Participation in the Schachter 2023 ‘Catch the Energy’ Conference

Exhibit 99.1 Obsidian Energy Announces Participation in the Schachter 2023 ‘Catch the Energy’ Conference CALGARY, October 11, 2023 – OBSIDIAN ENERGY LTD. (TSX / NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) announces that we will be participating in the Schachter 2023 Catch the Energy Conference (the “Conference”) on Saturday, October 14, 2023, in Calgary at Mount Ro

September 21, 2023 EX-99.1

Obsidian Energy Announces Three-Year Growth Plan to Reach 50,000 boe/d in 2026 • Peace River assets drive corporate production growth to 50,000 boe/d in 2026, while maintaining 25 percent flat annual corporate decline rate • Peace River area producti

Exhibit 99.1 Obsidian Energy Announces Three-Year Growth Plan to Reach 50,000 boe/d in 2026 • Peace River assets drive corporate production growth to 50,000 boe/d in 2026, while maintaining 25 percent flat annual corporate decline rate • Peace River area production growth to 24,000 boe/d in 2026 from current rate of 6,600 boe/d, resulting in a nine percent increase in our total liquids weighting t

September 21, 2023 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of September 2023 Commission File Number 1-32895

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of September 2023 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant’s name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of princi

September 7, 2023 EX-99.1

Obsidian Energy Announces Participation in the Peters & Co. Limited’s Energy Conference and Peace River Growth Plan Webcast

Exhibit 99.1 Obsidian Energy Announces Participation in the Peters & Co. Limited’s Energy Conference and Peace River Growth Plan Webcast CALGARY, September 7, 2023 – OBSIDIAN ENERGY LTD. (TSX / NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) announces that we will be participating in the Peters & Co. Limited 27th Annual Energy Conference (the “Conference”) from Tuesday

September 7, 2023 EX-99.2

Obsidian Energy Announces Peters & Co. Limited’s Energy Conference Clarification

Exhibit 99.2 Obsidian Energy Announces Peters & Co. Limited’s Energy Conference Clarification CALGARY, September 7, 2023 – OBSIDIAN ENERGY LTD. (TSX / NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) further to our press release earlier today, please be advised our presentation at 4:00 p.m. ET (2:00 p.m. MT) on Tuesday, September 12, 2023 at the Peters & Co. Limited 27t

September 7, 2023 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of September 2023 Commission File Number 1-32895

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of September 2023 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant’s name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of princi

August 17, 2023 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of August 2023 Commission File Number 1-32895 Obs

6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of August 2023 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant’s name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of princ

August 17, 2023 EX-99.1

Obsidian Energy Completes Offer to Purchase $5.0 Million of its Outstanding Senior Unsecured Notes

EX-99.1 Exhibit 99.1 Obsidian Energy Completes Offer to Purchase $5.0 Million of its Outstanding Senior Unsecured Notes CALGARY, August 17, 2023—OBSIDIAN ENERGY LTD. (TSX/NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) today announced completion of its previously announced offer (the “Offer”) to purchase for cash, up to an aggregate amount of $5.0 million of our outsta

August 10, 2023 EX-99.1

Obsidian Energy Announces Participation in the EnerCom Denver Energy Investment Conference

EX-99.1 Exhibit 99.1 Obsidian Energy Announces Participation in the EnerCom Denver Energy Investment Conference CALGARY, August 10, 2023 – OBSIDIAN ENERGY LTD. (TSX / NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) announces that we will be participating in the 2023 EnerCom Denver Energy Investment Conference from Tuesday, August 15 to Wednesday, August 16, 2023, in De

August 10, 2023 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of August 2023 Commission File Number 1-32895 Obs

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of August 2023 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant’s name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principal

August 3, 2023 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of August 2023 Commission File Number 1-32895 Obs

6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of August 2023 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant’s name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of princ

August 3, 2023 EX-99.1

Obsidian Energy Announces Launch of an Offer to Purchase up to $5.0 Million of its Outstanding Senior Unsecured Notes

Exhibit 99.1 Obsidian Energy Announces Launch of an Offer to Purchase up to $5.0 Million of its Outstanding Senior Unsecured Notes CALGARY, August 3, 2023—OBSIDIAN ENERGY LTD. (TSX/NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) today announced that we have commenced an offer (the “Offer”) to purchase for cash, up to an aggregate amount of $5.0 million (the “Maximum Pu

August 2, 2023 EX-99.1

Obsidian Energy Announces Second Quarter 2023 Results • Generated funds flow from operations of $87.4 million during the quarter, resulting in free cash flow of $43.0 million • Achieved robust production results from 11 new wells drilled on the weste

Exhibit 99.1 Obsidian Energy Announces Second Quarter 2023 Results • Generated funds flow from operations of $87.4 million during the quarter, resulting in free cash flow of $43.0 million • Achieved robust production results from 11 new wells drilled on the western side of our Viking play, reaching an average daily peak rate per well of 293 boe/d for the program • Enhanced liquidity with a $40.0 m

August 2, 2023 EX-99.5

FORM 52-109F2 CERTIFICATION OF INTERIM FILINGS FULL CERTIFICATE

Exhibit 99.5 FORM 52-109F2 CERTIFICATION OF INTERIM FILINGS FULL CERTIFICATE I, Peter Scott, Senior Vice President and Chief Financial Officer of Obsidian Energy Ltd., certify the following: 1. Review: I have reviewed the interim financial report and interim MD&A (together, the “interim filings”) of Obsidian Energy Ltd. (the “issuer”) for the interim period ended June 30, 2023. 2. No misrepresenta

August 2, 2023 EX-99.3

Obsidian Energy Ltd. Consolidated Balance Sheets

Exhibit 99.3 Obsidian Energy Ltd. Consolidated Balance Sheets As at (CAD millions, unaudited) Note June 30, 2023 December 31, 2022 Assets Current Cash $ 0.1 $ 0.8 Accounts receivable 69.6 82.6 Risk management 7 7.4 6.2 Prepaid expenses and other 17.2 10.7 94.3 100.3 Non-current Property, plant and equipment 3 1,901.9 1,857.6 Deferred income tax 11 230.5 246.4 2,132.4 2,104.0 Total assets $ 2,226.7

August 2, 2023 EX-99.4

FORM 52-109F2 CERTIFICATION OF INTERIM FILINGS FULL CERTIFICATE

Exhibit 99.4 FORM 52-109F2 CERTIFICATION OF INTERIM FILINGS FULL CERTIFICATE I, Stephen Loukas, President and Chief Executive Officer of Obsidian Energy Ltd., certify the following: 1. Review: I have reviewed the interim financial report and interim MD&A (together the “interim filings”) of Obsidian Energy Ltd. (the “issuer”) for the interim period ended June 30, 2023. 2. No misrepresentations: Bas

August 2, 2023 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of August 2023 Commission File Number 1-32895 Obs

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of August 2023 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principal

August 2, 2023 EX-99.2

MANAGEMENT’S DISCUSSION AND ANALYSIS For the three and six months ended June 30, 2023

Exhibit 99.2 MANAGEMENT’S DISCUSSION AND ANALYSIS For the three and six months ended June 30, 2023 This management’s discussion and analysis of financial condition and results of operations (“MD&A”) of Obsidian Energy Ltd. (“Obsidian Energy”, the “Company”, “we”, “us”, “our”) should be read in conjunction with the Company's unaudited interim condensed consolidated financial statements for the thre

July 24, 2023 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of July 2023 Commission File Number 1-32895 Obsid

6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of July 2023 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant’s name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of princip

July 24, 2023 EX-99.1

Obsidian Energy Announces Release Date of Second Quarter 2023 Results

EX-99.1 Exhibit 99.1 Obsidian Energy Announces Release Date of Second Quarter 2023 Results CALGARY, July 24, 2023 – OBSIDIAN ENERGY LTD. (TSX / NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) announces that we expect to release our second quarter 2023 financial and operational results before North American markets open on Wednesday, August 2, 2023. In addition, the sec

June 29, 2023 EX-99.2

FIRST AMENDING AGREEMENT

EX-99.2 Exhibit 99.2 Execution Version FIRST AMENDING AGREEMENT THIS AGREEMENT is made effective as of May 31, 2023 BETWEEN: OBSIDIAN ENERGY LTD., a corporation subsisting under the laws of the Province of Alberta (hereinafter referred to as the “Borrower”), OF THE FIRST PART, - and - ROYAL BANK OF CANADA, BANK OF MONTREAL, CANADIAN WESTERN BANK and INDUSTRIAL AND COMMERCIAL BANK OF CHINA (CANADA)

June 29, 2023 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of June 2023 Commission File Number 1-32895 Obsid

6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of June 2023 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant’s name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of princip

June 29, 2023 EX-99.1

CDN.$200,000,000 CREDIT FACILITIES AMENDED AND RESTATED CREDIT AGREEMENT OBSIDIAN ENERGY LTD. as Borrower ROYAL BANK OF CANADA, BANK OF MONTREAL CANADIAN WESTERN BANK and such other persons as become parties hereto as lenders, as Lenders ROYAL BANK O

EX-99.1 Exhibit 99.1 Execution Version CDN.$200,000,000 CREDIT FACILITIES AMENDED AND RESTATED CREDIT AGREEMENT BETWEEN OBSIDIAN ENERGY LTD. as Borrower AND ROYAL BANK OF CANADA, BANK OF MONTREAL and CANADIAN WESTERN BANK and such other persons as become parties hereto as lenders, as Lenders AND ROYAL BANK OF CANADA as Agent of the Lenders MADE AS OF MARCH 22, 2023 RBC Capital Markets and Bank of

June 13, 2023 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of June 2023 Commission File Number 1-32895 Obsid

6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of June 2023 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant’s name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta, Canada T2P 1K3 (Address of princi

June 13, 2023 EX-99.2

Annual and Special Meeting of Shareholders of Obsidian Energy Ltd. (the “Issuer”) June 12, 2023 REPORT OF VOTING RESULTS

EX-99.2 Exhibit 99.2 Annual and Special Meeting of Shareholders of Obsidian Energy Ltd. (the “Issuer”) June 12, 2023 REPORT OF VOTING RESULTS The following matters were voted upon at the Annual and Special Meeting of shareholders (“Shareholders”) of the Issuer held on June 12, 2023 in Calgary, Alberta. Each matter voted upon is described in greater detail in the Notice of 2023 and Special Meeting

June 13, 2023 EX-99.1

Obsidian Energy Announces Voting Results from the 2023 Annual and Special Meeting of Shareholders ● Corporate presentation and management webcast available for replay on website

EX-99.1 Exhibit 99.1 Obsidian Energy Announces Voting Results from the 2023 Annual and Special Meeting of Shareholders ● Corporate presentation and management webcast available for replay on website CALGARY, June 12, 2023 – OBSIDIAN ENERGY LTD. (TSX / NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) is pleased to announce that at our annual and special meeting of shareh

June 1, 2023 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of June 2023 Commission File Number 1-32895 Obsid

6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of June 2023 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant’s name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of princip

June 1, 2023 EX-99.1

Obsidian Energy Announces Increase to Syndicated Credit Facility, Results of Viking Drilling and Update on Alberta Wildfires

EX-99.1 Exhibit 99.1 Obsidian Energy Announces Increase to Syndicated Credit Facility, Results of Viking Drilling and Update on Alberta Wildfires CALGARY, May 31, 2023 – OBSIDIAN ENERGY LTD. (TSX / NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) announces an increase to our syndicated credit facility and provides an update on both the results of our first half 2023 Vik

May 24, 2023 EX-99.1

Obsidian Energy Alberta Wildfire Update: Additional Fields Coming Back Online

EX-99.1 Exhibit 99.1 Obsidian Energy Alberta Wildfire Update: Additional Fields Coming Back Online CALGARY, May 23, 2023 – OBSIDIAN ENERGY LTD. (TSX / NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) is pleased to provide an update on the status of our operations impacted by recent Alberta wildfires. Widespread rain over the weekend in Alberta helped to slow wildfire sp

May 24, 2023 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2023 Commission File Number 1-32895 Obsidi

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2023 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant’s name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principal ex

May 23, 2023 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2023 Commission File Number 1-32895 Obsidi

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2023 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant’s name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principal ex

May 23, 2023 EX-99.1

Obsidian Energy Alberta Wildfire Update: Fields Coming Back Online

Exhibit 99.1 Obsidian Energy Alberta Wildfire Update: Fields Coming Back Online CALGARY, May 18, 2023 – OBSIDIAN ENERGY LTD. (TSX / NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) is pleased to provide an update on the status of temporarily shut-in operations due to the impact of recent Alberta wildfires. The wildfire activity has largely decreased in the Pembina area

May 17, 2023 EX-99.1

Obsidian Energy Provides Update on Impact of Alberta Wildfires

EX-99.1 Exhibit 99.1 Obsidian Energy Provides Update on Impact of Alberta Wildfires CALGARY, May 16, 2023 – OBSIDIAN ENERGY LTD. (TSX / NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) provides an update on operations and employees impacted by recent Alberta wildfires. We continue to monitor the ongoing wildfire situation in Alberta as the protection and safety of our p

May 17, 2023 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2023 Commission File Number 1-32895 Obsidi

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2023 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant’s name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principal ex

May 15, 2023 EX-99.2

Instrument of Proxy for the 2023 Annual and Special Meeting of Shareholders

EX-99.2 Exhibit 99.2 Instrument of Proxy for the 2023 Annual and Special Meeting of Shareholders This Instrument of Proxy is solicited on behalf of management of Obsidian Energy Ltd. (“Obsidian Energy”) in connection with the 2023 Annual and Special Meeting of Shareholders to be held on Monday, June 12, 2023 at 9:00 a.m. (Mountain Daylight Time) at the corporate offices of Obsidian Energy Ltd. loc

May 15, 2023 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2023 Commission File Number 1-32895 Obsidi

6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2023 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant’s name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principa

May 15, 2023 EX-99.1

NOTICE OF 2023 ANNUAL AND SPECIAL MEETING MANAGEMENT INFORMATION CIRCULAR AND PROXY STATEMENT OBSIDIAN ENERGY 2023 MANAGEMENT PROXY CIRCULAR

EX-99.1 Exhibit 99.1 NOTICE OF 2023 ANNUAL AND SPECIAL MEETING AND MANAGEMENT INFORMATION CIRCULAR AND PROXY STATEMENT OBSIDIAN ENERGY 2023 MANAGEMENT PROXY CIRCULAR NOTICE OF ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS TO BE HELD ON MONDAY, JUNE 12, 2023 NOTICE IS HEREBY GIVEN that an annual and special meeting (the “Meeting”) of the holders (“Shareholders”) of the common shares (“Shares”) of Obsi

May 15, 2023 EX-99.3

ANNUAL AND SPECIAL MEETING OF THE SHAREHOLDERS OF OBSIDIAN ENERGY LTD. NOTICE AND ACCESS NOTIFICATION

EX-99.3 Exhibit 99.3 ANNUAL AND SPECIAL MEETING OF THE SHAREHOLDERS OF OBSIDIAN ENERGY LTD. NOTICE AND ACCESS NOTIFICATION You are receiving this notification as Obsidian Energy Ltd. (the “Corporation”) has decided to use the notice and access provisions under National Instrument 54-101 - Communications with Beneficial Owners of Securities of a Reporting Issuer for delivery of meeting materials to

May 9, 2023 EX-99.1

Obsidian Energy Advises on Impact of Alberta Wildfires

EX-99.1 Exhibit 99.1 Obsidian Energy Advises on Impact of Alberta Wildfires CALGARY, May 8, 2023 – OBSIDIAN ENERGY LTD. (TSX / NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) provides an update on operations and employees impacted by recent Alberta wildfires. We view the protection and safety of our people, local communities, and the environment with the highest priori

May 9, 2023 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2023 Commission File Number 1-32895 Obsidi

6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2023 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant’s name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principa

May 4, 2023 EX-99

FORM 52-109F2 CERTIFICATION OF INTERIM FILINGS FULL CERTIFICATE

Exhibit 99.4 FORM 52-109F2 CERTIFICATION OF INTERIM FILINGS FULL CERTIFICATE I, Stephen Loukas, President and Chief Executive Officer of Obsidian Energy Ltd., certify the following: 1. Review: I have reviewed the interim financial report and interim MD&A (together the “interim filings”) of Obsidian Energy Ltd. (the “issuer”) for the interim period ended March 31, 2023. 2. No misrepresentations: Ba

May 4, 2023 EX-99

FORM 52-109F2 CERTIFICATION OF INTERIM FILINGS FULL CERTIFICATE

Exhibit 99.5 FORM 52-109F2 CERTIFICATION OF INTERIM FILINGS FULL CERTIFICATE I, Peter Scott, Senior Vice President and Chief Financial Officer of Obsidian Energy Ltd., certify the following: 1. Review: I have reviewed the interim financial report and interim MD&A (together, the “interim filings”) of Obsidian Energy Ltd. (the “issuer”) for the interim period ended March 31, 2023. 2. No misrepresent

May 4, 2023 EX-99

MANAGEMENT’S DISCUSSION AND ANALYSIS For the three months ended March 31, 2023

Exhibit 99.2 MANAGEMENT’S DISCUSSION AND ANALYSIS For the three months ended March 31, 2023 This management’s discussion and analysis of financial condition and results of operations (“MD&A”) of Obsidian Energy Ltd. (“Obsidian Energy”, the “Company”, “we”, “us”, “our”) should be read in conjunction with the Company's unaudited interim condensed consolidated financial statements for the three month

May 4, 2023 EX-99

Obsidian Energy Ltd. Consolidated Balance Sheets

Exhibit 99.3 Obsidian Energy Ltd. Consolidated Balance Sheets As at (CAD millions, unaudited) Note March 31, 2023 December 31, 2022 Assets Current Cash $ 0.1 $ 0.8 Accounts receivable 84.3 82.6 Risk management 7 11.6 6.2 Prepaid expenses and other 12.3 10.7 108.3 100.3 Non-current Property, plant and equipment 3 1,913.1 1,857.6 Deferred income tax 11 236.7 246.4 2,149.8 2,104.0 Total assets $ 2,25

May 4, 2023 EX-99

Obsidian Energy Announces Strong First Quarter 2023 Results • Strong performance and production increases from all development areas resulted in 33,153 boe/d average production for the quarter • Funds flow from operations was $94.3 million in the qua

Exhibit 99.1 Obsidian Energy Announces Strong First Quarter 2023 Results • Strong performance and production increases from all development areas resulted in 33,153 boe/d average production for the quarter • Funds flow from operations was $94.3 million in the quarter (20 percent increase from the first quarter of 2022) • Peace River development and exploration program extends Walrus Bluesky play a

May 4, 2023 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2023 Commission File Number 1-32895 Obsidi

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2023 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principal ex

April 26, 2023 EX-99.1

Obsidian Energy Announces Release Date of First Quarter 2023 Results

EX-99.1 Exhibit 99.1 Obsidian Energy Announces Release Date of First Quarter 2023 Results CALGARY, April 25, 2023 – OBSIDIAN ENERGY LTD. (TSX / NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) announces that we expect to release our first quarter 2023 financial and operational results before North American markets open on Thursday, May 4, 2023. In addition, the first qu

April 26, 2023 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2023 Commission File Number 1-32895 Obsi

6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2023 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant’s name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of princi

March 27, 2023 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of March 2023 Commission File Number 1-32895 Obsi

6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of March 2023 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant’s name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of princi

March 27, 2023 EX-99.1

Obsidian Energy Comments on Alberta Energy Regulator Order Regarding Water Disposal Well

EX-99.1 Exhibit 99.1 Obsidian Energy Comments on Alberta Energy Regulator Order Regarding Water Disposal Well CALGARY, March 27, 2023 – OBSIDIAN ENERGY LTD. (TSX / NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) confirms that the Alberta Energy Regulator (“AER”) issued an order (the “Order”) regarding the Company’s 14-18-082-17W5 water disposal well (the “Water Disposa

March 23, 2023 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of March 2023 Commission File Number 1-32895 Obsi

6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of March 2023 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant’s name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of princi

March 23, 2023 EX-99.1

Obsidian Energy Announces Syndicated Credit Facility Increase to $200 Million

EX-99.1 Exhibit 99.1 Obsidian Energy Announces Syndicated Credit Facility Increase to $200 Million CALGARY, March 22, 2023 – OBSIDIAN ENERGY LTD. (TSX / NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) is pleased to announce an increase to our syndicated credit facility to $200.0 million from $175.0 million, with an extension of the revolving period to May 31, 2024, and

March 6, 2023 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of March 2023 Commission File Number 1-32895 Obsi

6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of March 2023 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant’s name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of princi

March 6, 2023 EX-99.1

Obsidian Energy Announces Participation in the Scotia Howard Weil Energy Conference

EX-99.1 Exhibit 99.1 Obsidian Energy Announces Participation in the Scotia Howard Weil Energy Conference CALGARY, March 6, 2023 – OBSIDIAN ENERGY LTD. (TSX / NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) announces that we will be participating in the 51st Annual Scotia Howard Weil Energy Conference on Wednesday, March 8, 2023, in Miami, Florida at the Mandarin Orient

February 24, 2023 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2023 Commission File Number 1-32895 O

6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2023 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant’s name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of pri

February 24, 2023 EX-99.1

Obsidian Energy Confirms Filing of Its 2022 Year End Disclosure Documents

EX-99.1 Exhibit 99.1 Obsidian Energy Confirms Filing of Its 2022 Year End Disclosure Documents CALGARY, February 23, 2023—OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE AMERICAN – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) announces that it has filed with Canadian securities regulatory authorities its audited Consolidated Financial Statements for the year ended December 31, 2022 and relat

February 23, 2023 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2023 Commission File Number 1-32895 O

6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2023 Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant’s name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of pri

February 23, 2023 EX-99.10

Consent of GLJ Ltd.

EX-99.10 11 d441720dex9910.htm EX-99.10 Exhibit 99.10 February 23, 2023 Obsidian Energy Ltd. 200, 207 9 Avenue SW Calgary, AB T2P 1K3 Re: Consent to Reference of Name and Report in Obsidian Energy Ltd. Annual Information Form for the Year Ended December 31, 2022 Dated February 23, 2023 We refer to our report, entitled “Reserves Assessment and Evaluation of Canadian Oil and Gas properties of Obsidi

February 23, 2023 EX-99.8

Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350

EX-99.8 9 d441720dex998.htm EX-99.8 Exhibit 99.8 CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 In connection with the Annual Report of Obsidian Energy Ltd. (the “Company”) on Form 40-F for the year ended December 31, 2022, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Peter D. Scot

February 23, 2023 EX-99.5

Certification of President & Chief Executive Officer pursuant to Rule 13a-14(a) or 15d-14 of the Securities Exchange Act of 1934

EX-99.5 Exhibit 99.5 CERTIFICATION PURSUANT TO RULE 13a-14 OR 15d-14 OF THE SECURITIES EXCHANGE ACT OF 1934 I, Stephen E. Loukas, certify that: 1. I have reviewed this annual report on Form 40-F of Obsidian Energy Ltd.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of t

February 23, 2023 EX-99.3

Consolidated Financial Statements for the fiscal year ended December 31, 2022

Exhibit 99.3 Report of Independent Registered Public Accounting Firm To the Shareholders and Board of Directors of Obsidian Energy Ltd.: Opinion on the Consolidated Financial Statements We have audited the accompanying consolidated balance sheets of Obsidian Energy Ltd. and subsidiaries (the “Company”) as of December 31, 2022 and 2021, the related consolidated statements of income, changes in shar

February 23, 2023 EX-99.1

Obsidian Energy Announces Fourth Quarter and Full Year 2022 Results • Board Appoints Stephen Loukas President and Chief Executive Officer • Fourth quarter average production increased to 31,742 boe/d (20 percent increase from 2021) • Funds flow from

EX-99.1 Exhibit 99.1 Obsidian Energy Announces Fourth Quarter and Full Year 2022 Results • Board Appoints Stephen Loukas President and Chief Executive Officer • Fourth quarter average production increased to 31,742 boe/d (20 percent increase from 2021) • Funds flow from operations was $450.7 million in 2022 (107 percent increase from 2021) • Net debt decreased to $316.8 million at December 31, 202

February 23, 2023 EX-99.9

Consent of KPMG LLP

EX-99.9 Exhibit 99.9 KPMG LLP 205 5th Avenue SW Suite 3100 Calgary AB T2P 4B9 Tel 403-691-8000 Fax 403-691-8008 www.kpmg.ca Consent of Independent Registered Public Accounting Firm The Board of Directors of Obsidian Energy Ltd. We consent to the use of: • our report dated February 22, 2023 on the consolidated financial statements of Obsidian Energy Ltd. (the “Entity”) which comprise the consolidat

February 23, 2023 EX-99.7

Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350

Exhibit 99.7 CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 In connection with the Annual Report of Obsidian Energy Ltd. (the “Company”) on Form 40-F for the year ended December 31, 2022, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Stephen E. Loukas, President and Chief Executive

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