OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") today announced ...

The Obsidian Energy Ltd. logo is shown in this undated handout. THE CANADIAN PRESS/HO, Obsidian Energy Ltd. *MANDATORY CREDIT* Obsidian has offered two of its shares for each Bonterra share.

Obsidian, formerly known as Penn West Petroleum Ltd., recently announced second-quarter production of 25,900 barrels of oil equivalent per day, while Bonterra produced 10,180 boe/d.