Challenging Market Conditions Impact Performance, Full-Year Outlook Adjusted
Highlights Include Record Production, Robust Cash Flows, and Enhanced Shareholder Returns
The formal notice that Woodland Cree's chief and council have rejected Obsidian's drilling plans mark a further breakdown in relations, after the First Nation initially raised concerns about the company's activities on their territory in northern Alberta in February. The community urged Obsidian to address their concerns about a series of earthquakes in their territory in late 2022 and early 2023, that regulators said Obsidian were responsible for.