08:03 AM EDT, 07/16/2025 (MT Newswires) -- Obsidian Energy ( OBE ) said Wednesday it has received a non-binding offer from a third party to acquire its 32.7% stake in InPlay Oil.

The prospective buyer has proposed acquiring Obsidian Energy's ( OBE ) stake, consisting of about 9.1 million InPlay shares, at a price above the July 15 closing price on the Toronto Stock Exchange, the company said.

As part of the nonbinding agreement, Obsidian Energy ( OBE ) has agreed to negotiate exclusively with the third party until Aug. 1 and not to pursue with its previously announced $10 million exchange offer to buy its own shares in Canada in exchange for InPlay shares.