Calgary, Alberta-based Obsidian Energy is divesting operated Cardium Pembina assets to InPlay Oil Corp. for CA$320 million (US$224.7 million) in cash, equity and asset interests, according to a Feb.

Obsidian Energy agreed to sell its operated Pembina assets to InPlay Oil in a ~$320M deal. including a 34.6% interest in the ...

CNW/ - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") is pleased to announce that it has entered into ...

The cash proceeds from the transaction will be used to reduce debt, improving Obsidian Energy's balance sheet and liquidity.

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 ...

The Acquired Assets are consistent with InPlay's business model of acquiring high quality, operated, light crude oil reservoirs with large original oil in-place (" OOIP "). The Acquired Assets ...

>100% Increase in Production and >170% Increase in Light Oil Production: The Acquired Assets more than double InPlay's production to over 18,750 boe/d 2, with oil production increasing to over 9,500 ...

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