Sale of cenovus's marten hills oil assets to headwater exploration closes

Calgary, alberta, dec. 02, 2020 (globe newswire) -- cenovus energy inc. (tsx:cve) (nyse:cve) and headwater exploration inc. (tsx:hwx) are pleased to announce the closing of the acquisition by headwater of cenovus's assets in the marten hills area of alberta. pursuant to the transaction, headwater acquired a 100% working interest in approximately 2,800 barrels per day of medium gravity oil production and 270 net sections of clearwater rights.
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