Headwater Exploration Inc. has created a new ventures group. Jon Grimwood, current vice-president of exploration, will now spearhead the recently created new ventures team. As vice-president of new ventures, Grimwood will continue to be actively involved in all geotechnical aspects of Headwater with a significantly increased focus on new play development.

Dieter Deines will be appointed vice-president of exploration effective September 1, 2023. Deines will assume a portion of Grimwood's current duties, primarily focused on leading the geotechnical team in the continued development of its Clearwater assets. Deines extensive experience in the Western Canadian Sedimentary Basin will provide for a seamless integration into this role.