Obsidian Energy Reports Sale Of Operated Pembina Assets For C$320M In Cash, Equity and Assets
Benzinga Newsdesk 1 year ago
NewsAsset Sales
Under the terms of the Agreement, Obsidian Energy will divest operated Pembina assets but will retain non-operated holdings in the Pembina Cardium Unit #11. Obsidian Energy to receive C$220 million in cash, C$85
Under the terms of the Agreement, Obsidian Energy will divest operated Pembina assets but will retain non-operated holdings in the Pembina Cardium Unit #11.
Obsidian Energy to receive C$220 million in cash, C$85 million in equity and a 34.6 percent interest in the Willesden Green Cardium Unit #2 Field, subject to adjustment in certain circumstances.