Headwater Exploration Inc. reaffirming its 2021 production guidance. Headwater is reaffirming its 2021 production guidance. Based on recent strip commodity prices Headwater now expects to achieve adjusted funds flow from operations of $90 - $95 million, an increase from approximately $48 - $52 million from its previously announced December guidance. The acceleration of the gas plant construction results in a modest increase in capital expenditures to $90 -$95 million from $85 - $90 million.