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Markets News

BRIEF-Obsidian Energy Reports Qtrly Loss Per Share Of $0.13

May 11 (Reuters) - Obsidian Energy Ltd:

* OBSIDIAN ENERGY ANNOUNCES FIRST QUARTER 2018 FINANCIAL AND OPERATIONAL RESULTS

* Q1 PRODUCTION AVERAGED 29,443 BOE PER DAY, A DECREASE OF SIX PERCENT RELATIVE TO Q4 2017

* Q1 PRODUCTION AND OPERATING COST RESULTS WERE HAMPERED BY COLD WEATHER DOWNTIME, THIRD PARTY MAINTENANCE AND OPERATIONAL DELAYS

* DO NOT EXPECT TO ADD INCREMENTAL 2019 HEDGES AT THIS TIME

* CONTINUE TO EXPECT FULL YEAR PRODUCTION AND OPERATING COSTS WITHIN GUIDANCE RANGES

* QTRLY LOSS PER SHARE $0.13

* QTRLY FFO PER SHARE $0.07 Source text for Eikon: Further company coverage:

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