Obsidian Energy Ltd. appointed Mr. Aaron Smith has joined the Company as Vice President, Development. Mr. Smith has over 20 years of engineering expertise across a broad range of technical and leadership roles. Most recently, Mr. Smith held the position of Vice President, Production at a diversified oil and natural gas company based in Calgary. Prior to that, Mr. Smith held various management positions overseeing major development campaigns in Western Canada, successfully executing horizontal drilling programs targeting liquids rich formations such as the Cardium. Mr. Smith's technical expertise and leadership capabilities will prove critical as the Company fast tracks Cardium development with a repeatable, low cost approach. The company also announces two additional management changes. Mr. Mark Hodgson has transitioned to the role of Vice President, Operations and E&P Services, and Mr. Andrew Sweerts has assumed the role of Vice President, Business Development and Commercial.