144 0001430308 XXXXXXXX LIVE 0001334388 OBSIDIAN ENERGY LTD. 001-32895 207 - 9TH AVENUE S.W. SUITE 200 CALGARY A0 T2P 1K3 (403) 777-2500 FrontFour Capital Group LLC Affiliate of Director Common Shares JP Morgan Chase Bank, N.A.

270 Park Avenue New York NY 10017

2856125 24734043.00 67274326 03/11/2026 NYSE American, LLC Common Shares 01/27/2015 Open Market Purchase Open Market Purchase N 2856125 01/27/2015 Cash Y The Aggregate Market Value is as of the close of business on 03/11/2026. The number of securities outstanding is as of 12/31/2025. The approximate date of sale is 03/11/2026 through 06/09/2026. The seller acquired the securities sold over the period from 1/27/2015 through 09/20/2019. 03/11/2026 David A. Lorber, Managing Member of FrontFour CapitalGroup LLC