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Headwater Exploration ( (TSE:HWX) ) has issued an announcement.
Headwater Exploration Inc. reported an average production volume of approximately 21,500 BOE/d for the fourth quarter and announced land expansions in the Clearwater fairway, enhancing its operational footprint. The company has also entered into a significant farmout agreement with the Bigstone Cree Nation to drill wells in the Greater Pelican area, pending regulatory approval, and has acquired additional land through crown sales. This strategic expansion, including a new acquisition in the Greater Peavine area, positions Headwater for further exploration and drilling activities in 2025, with plans to test new prospects and continue its growth trajectory.
More about Headwater Exploration
Headwater Exploration Inc. operates in the oil and gas industry, focusing on exploration and production activities. The company’s primary products include hydrocarbons, specifically oil and natural gas, and it is heavily involved in the development of the Clearwater fairway, a significant region for energy resources in Canada.
YTD Price Performance: 2.05%
Average Trading Volume: 61,857
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.12B
For detailed information about HWX stock, go to TipRanks’ Stock Analysis page.
