Obsidian Energy (NYSE American: OBE) has completed the sale of its entire common share position in InPlay Oil Corp. The transaction involved 9,139,784 InPlay shares, representing approximately 32.70% of InPlay's outstanding shares, sold to Delek Group Ltd. at $10.00 per share. The total transaction value was $91,397,840, adjusted down by $29,563.49 for certain filing fees. The sale was executed under the private agreement exemption of National Instrument 62-104. Obsidian Energy plans to use the proceeds to reduce existing debt. Following the transaction, Obsidian retains only 20,834 restricted awards in InPlay, which are expected to be forfeited within 30 days.