Cenovus Energy Inc., a 10% Holder, disposed of 50,000,000 Common Shares on an indirect ownership basis for registered holder Cenovus Marten Hills Partnership at a price of $4.550 through a prospectus or prospectus exempt offering on October 14th, 2021. This represents a $227,500,000 divestment of the company's shares and an account share holdings change of -100.0%.
Headwater Exploration is in the Oil & Gas Exploration and Production Sub Industry Group under the Energy Sector.
Headwater Exploration Inc., formerly Corridor Resources Inc., is a Canada-based oil and gas exploration and development company. The Company's operating areas include Marten Hills and McCully Field. Marten Hills is located approximately 250 kilometer (km) north of Edmonton, Alberta within the Clearwater play. It owns approximately 270 sections of Clearwater rights. The McCully Field is located approximately 10 km northeast of Sussex, New Brunswick in the farming community of Penobsquis. It owns and operates a natural gas processing plant, with a processing capacity of 35 million standard cubic feet of gas per day (mmscfpd), and a 50 km transmission line connected to the Maritimes and Northeast pipeline.
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