OBE Obsidian Energy Ltd

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM SD

Specialized Disclosure Report

OBSIDIAN ENERGY LTD.

(Exact name of registrant as specified in its charter)

Alberta, Canada		001-32895		Not applicable
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(IRS Employer Identification No.)

Suite 200, 207 – 9th Avenue SW Calgary, Alberta, Canada		T2P 1K3
(Address of principal executive offices)		(Zip Code)

Peter Scott

Senior Vice President and Chief Financial Officer

Obsidian Energy Ltd.

(403) 777-2500

(Name and telephone number, including area code, of person to contact in connection with this report)

Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form applies:

☐ Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, ___________.

 Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31, 2023.

 

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SECTION 1 – Conflict Minerals Disclosure

Item 1.01 - Conflict Minerals Disclosure and Report

Not applicable

Item 1.02 - Exhibit

Not applicable

SECTION 2 – RESOURCE EXTRACTION ISSUER DISCLOSURE

Item 2.01 Resource Extraction Issuer Disclosure and Report

Obsidian Energy Ltd. (“Obsidian Energy”) is subject to Canada’s Extractive Sector Transparency Measures Act (“ESTMA”). Obsidian Energy is relying on the alternative reporting provision of Item 2.01 and providing its ESTMA report for the year ended December 31, 2023 to satisfy the requirements of Item 2.01. Obsidian Energy’s ESTMA report is available on Obsidian Energy’s website at https://obsidian-media-library.s3.ca-central-1.amazonaws.com/obsidian-energy/corporate-website/current/wp-content/uploads/2024/05/06114054/Obsidian-Energy-2023-ESTMA-Upload.pdf or on the Government of Canada’s website at https://natural-resources.canada.ca/our-natural-resources/minerals-mining/services-for-the-mining-industry/extractive-sector-transparency-measures-act/links-estma-reports/18198. The payment disclosure required by Form SD is included as Exhibit 2.01 to this Form SD.

 

SECTION 3 – EXHIBITS

Item 3.01. Exhibits

The following exhibit is filed as part of this report.

Exhibit Number		Description
2.01		Extractive Sector Transparency Measures Act – Annual Report for the year ended December 31, 2023

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned.

OBSIDIAN ENERGY LTD.
By:	/s/ Peter Scott		September 5, 2024
	Peter Scott		(Date)
	Senior Vice President and Chief Financial Officer

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v3.24.2.u1

Document Information	12 Months Ended
	Dec. 31, 2023
Document Information:
Document Type	2.01 SD
Amendment	false
CIK	0001334388
Registrant Name	OBSIDIAN ENERGY LTD.
Period End Date	Dec. 31, 2023
Reporting Currency	CAD

v3.24.2.u1

Payments, by Category - CAD ($)	Taxes	Royalties	Fees	Total Payments
Total	$ 11,620,000	$ 93,960,000	$ 8,520,000	$ 114,100,000

v3.24.2.u1

Payments, by Project - 12 months ended Dec. 31, 2023 - CAD ($)	Taxes	Royalties	Fees	Total Payments
Total	$ 11,620,000	$ 93,960,000	$ 8,520,000	$ 114,100,000
Cardium
Total	8,590,000	75,360,000	5,880,000	89,830,000
Legacy
Total	70,000	20,000	960,000	1,050,000
Peace River
Total	2,330,000	12,290,000	1,470,000	16,090,000
Viking
Total	$ 630,000	$ 6,290,000	$ 210,000	$ 7,130,000

v3.24.2.u1

Payments, by Government - 12 months ended Dec. 31, 2023 - CAD ($)	Taxes	Royalties	Fees	Total Payments
Total	$ 11,620,000	$ 93,960,000	$ 8,520,000	$ 114,100,000
CANADA | Brazeau County
Total	4,550,000		10,000	4,560,000
CANADA | Clearwater County
Total	2,950,000			2,950,000
CANADA | County of Wetaskiwin No 10
Total	330,000			330,000
CANADA | Northern Sunrise County
Total	1,930,000			1,930,000
CANADA | Parkland County
Total	130,000			130,000
CANADA | Paul First Nation Industry Relations
Total			200,000	200,000
CANADA | Province of Alberta
Total	600,000	$ 93,960,000	8,260,000	102,820,000
CANADA | Special Areas Board
Total	650,000		$ 50,000	700,000
CANADA | Yellowhead County
Total	$ 480,000			$ 480,000

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