CALGARY, Jan. 3, 2018 /PRNewswire/ - OBSIDIAN ENERGY LTD.
(TSX/NYSE – OBE) ("Obsidian Energy", the "Company",
"we", "us" or "our") is pleased to announce
that Mr. Edward (Ed) H. Kernaghan
has been appointed to the Obsidian Energy Board of Directors (the
"Board").
George Brookman, Obsidian
Energy's Acting Chairman of the Board commented, "We are happy to
have Ed Kernaghan join our
Board. Mr. Kernaghan brings broad financial and capital
markets experience and represents a material ownership stake
through Kernwood Limited and members of his family. Mr. Kernaghan's
addition is part of our ongoing commitment to ensure the right mix
of skills and experience needed to steward our existing
strategy."
Mr. Kernaghan commented, "As a long-term shareholder, I am
excited for what the future holds as Obsidian Energy executes its
business plan and am eager to support and advise on Management
and the Board's current strategy. I look forward to joining
the team."
Mr. Kernaghan has over 15 years of experience in the financial
services business. He held the position of Executive Vice-President
at Kernaghan Securities, a firm he started along with his father,
Ted Kernaghan, in 2001. He is
currently a partner at Kernaghan & Partners and is President of
Kernwood Limited which, together with various family members,
owns over 33 million shares outstanding of the Company. Mr.
Kernaghan also serves on a number of other boards of TSX listed
companies. Mr. Kernaghan is a graduate of the University of Toronto with a Master of Science in
Theoretical Physics, and he has a Bachelor of Science, Honors
degree from Queens University.
SOURCE Obsidian Energy Ltd.