CALGARY, Feb. 21, 2019 /CNW/ - OBSIDIAN ENERGY LTD. (TSX –
OBE, NYSE – OBE.BC) ("Obsidian Energy", the
"Company", "we", "us" or "our")
announces that Gordon Ritchie will
replace Jay W. Thornton as Chairman
of the Board of Directors (the "Board"). Mr. Thornton has
resigned his Board position effective as of the close of business
on Wednesday, February 20, 2019 due
to personal reasons.
Mr. Ritchie commented "I would like to thank Jay for his time on
the Board and acting as Chairman. As I embark in this new role as
Chairman, I look forward to working with the Board to provide
continuing support to the leadership team in executing the
Company's strategy. Obsidian's business plan will continue to be
primarily Cardium focused, with the objective of returning Obsidian
Energy to long-term, sustainable growth."
Mr. Thornton said "I would like to express my appreciation to
the Board and management of Obsidian Energy for all of their
support during my time as a director and wish them all the
best."
Obsidian Energy shares are listed on both the Toronto Stock
Exchange and New York Stock Exchange under the symbol "OBE" and
"OBE.BC" respectively.
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SOURCE Obsidian Energy Ltd.