Obsidian Energy Adds a New Member to its Board of Directors

Obsidian Energy LTD has confirmed the appointment of Mr. Edward Kernaghan, a financial and capital market expert, to its Board of Directors. While confirming the appointment, George Brookman expressed that the management is excited to have Kernaghan on the Board. Currently the acting chairman of the Board, Brookman added that the new arrival not only brings with him a broad industry experience but also a tangible ownership stake in the company. He further explained that Kernaghan’s appointment is part of the company’s strategy aimed at building a competent human resource base required to drive the firm forward.

 

Mr. Kernaghan has equally commented on his appointment to Obsidian Energy’s Board of Directors. The renowned capital markets and financial expert expressed his excitement following the appointment adding that he’s ready to be part of the team that will drive the company forward.

 

Mr. Edward Kernaghan graduated with a BSc Honors degree from Queens University before earning his MSc in Theoretical Physics from the University of Toronto. He has worked in the financial services sector for more than 15 years. Kernaghan served in various top management positions prior to his appointment. Currently a managing partner at Kernaghan & Partners, he is a co-founder and has served as the executive vice president of Kernaghan Securities. Apart from being the president of Kernwood Limited, he sits on the boards of various TSX companies.

 

Obsidian Energy’s Board of Directors approves the 2018 Budget

 

While announcing 2017’s third quarter financial and operational results, David French confirmed that the board of directors has approved a budget of $135 million for the 2018 financial year. The president & CEO also expressed his pride in the company’s management team citing quality results during their busiest drilling campaign.

 

Based in Calgary, Alberta; Obsidian Energy, an Oil and Gas producer is reportedly pleased with its deep basin exploration. Its first foray is reported to have yielded beyond expectation and the firm now expects more in 2018. With the company announcing strong results in the third quarter, attention has now shifted to 2018. Its CEO has hinted that the company’s 2018 plan is both solid and scalable and that the year looks very promising as far as growth and development of the Obsidian is concerned.

 

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