Brief: Headwater Exploration Inc Announces 2022 Year End 2022 Results

Headwater Exploration

09/03/2023 23:29

March 9 (Reuters) - Headwater Exploration Inc  HWX.TO :
    * HEADWATER EXPLORATION INC. ANNOUNCES 2022 RESERVES, YEAR
END
2022 OPERATING AND FINANCIAL RESULTS, OPERATIONS UPDATE AND
DECLARES QUARTERLY DIVIDEND
    * HEADWATER EXPLORATION INC - QTRLY AVERAGE PRODUCTION OF
15,546
BOE/D AN INCREASE OF 49% FROM Q4 OF 2021
    * HEADWATER EXPLORATION INC - QTRLY EARNINGS PER SHARE OF
$0.17
    * HEADWATER EXPLORATION INC - RE-CONFIRMING 2023 CAPEX
GUIDANCE OF
$200 MILLION AND CORRESPONDING ANNUAL AVERAGE PRODUCTION AT
18,000 BOE/D
    * HEADWATER EXPLORATION INC - EXPECTS TO GENERATE ADJUSTED
FUNDS
FLOW FROM OPERATIONS OF $280 MILLION WITH EXIT ADJUSTED WORKING
CAPITAL OF $90 MILLION IN 2023

Source text for Eikon:  ID:nCNWyJCjQa 
Further company coverage:  HWX.TO 

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