Headwater Exploration Inc. provided production update . The first quarter of 2021 has been very active to date. Accomplishments include Rig released 11 8-leg horizontal wells in the core producing area of Marten Hills; Currently drilling one remaining 8-leg horizontal well in Marten Hills to complete Headwater's first quarter program; Rig released 5 horizontal injection wells including 1 4-leg horizontal injector, 2 2-leg horizontal injectors and 2 single leg horizontal injectors; Drilled, completed and tested two Grand Rapids/Clearwater source wells; Drilled and evaluated one stratigraphic test well; and Drilled in excess of 150,000 meters and achieved average well costs equivalent to established Clearwater operators. The producing and injection wells drilled this quarter occurred from three pad sites which prevented many of the new wells from being placed on production until all drilling and completion operations for the quarter were completed. Through some ingenuity the team was able to begin production from four of the 8-leg horizontal wells in the last couple of weeks. The balance of the new producing wells will be placed on production in conjunction with the completion of the multi-well batteries prior to the end of March. Headwater looks forward to providing a fulsome production update in conjunction with first quarter results to be released in early May. The Marten Hills area is characterized by challenging break-up conditions from April through to June. With the expected ramp up in production, and associated fluid movement in April, Headwater has been actively preparing contingencies to tackle the logistical challenges of break-up at Marten Hills. The advanced preparations will assist the company in minimizing downtime during the second quarter. Access to a portion of the Marten Hills exploration lands was confirmed during the first quarter. The company expects to license the first four exploration tests imminently and expect to begin drilling as early as late August 2021. An additional three to five exploration tests will be drilled as soon as access allows, which is anticipated to commence in December and continue into the first quarter of 2022.