Headwater Exploration Inc T.HWX

News

[divime1]

2023 GUIDANCE UPDATE  

Headwater is re-confirming its previously released capital expenditures guidance of $200 million and corresponding annual average production at 18,000 boe/d. At strip pricing (1) the Company expects to generate adjusted funds flow from operations of $280 million with exit adjusted working capital of $90 million.

https://www.newswire.ca/news-releases/headwater-exploration-inc-announces-2022-reserves-year-end-2022-operating-and-financial-results-operations-update-and-declares-quarterly-dividend-813108225.html

[riski]

18k BOE average for 2023 means exiting with well over 20K BOE. Debt free, shareholder returns and growth all in one tidy package. This is a very well run company. 

[Bennys65]

Great results .Utkimi west nipisis on fire and we got more land.They are stoked on seal and peavine was alot better than tve All numberswere so solid.Next quarter we have wcs diffs working for us.

[SeargentPepper]

I liked it. Moderately successful exploration results in many different pools bodes well for the future. The 3.2B barrels oil in place sited in the presentation was an eye-opening number. I wonder how much of it they will figure out how to recover eventually.  

[Bennys65]

6% on primary and 12-15 on waterflood.Waterflood injection has started in west martin using the same pattern as tve.