• Obsidian Energy raised its 2026 capital program by about $100 million to CAD 300-325 million, targeting about 15% total production growth in 2027.
• 2026 average production guidance unchanged at 27,900-29,900 boe/d, 72% liquids; most incremental spending expected in Q4.
• Forecast 2026 funds flow from operations lifted 40% to CAD 317 million, or CAD 4.74 a share, assuming US$80/bbl WTI in H2.
• Net debt forecast at CAD 274 million; net debt-to-FFO expected to improve to about 0.9x.
• WTI assumption raised to US$90/bbl for June, US$80/bbl for July-December; revised midpoint free cash flow forecast at negative CAD 4 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Obsidian Energy Ltd. published the original content used to generate this news brief via Newsfile (Ref. ID: 202606011700NEWSFILECNPR____20260601_299676_1) on June 01, 2026, and is solely responsible for the information contained therein.