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Headwater Exploration Inc T.HWX

Alternate Symbol(s):  CDDRF

Headwater Exploration Inc. is a Canada-based resource company, which is engaged in the exploration and development and production of petroleum and natural gas in Canada. The Company's core operating areas are Marten Hills and McCully Field. Marten Hills is located approximately 250 kilometers (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 about 35 million standard cubic feet per day (mmscfpd), and a 50 km transmission line connected to the Maritimes and Northeast pipeline. The Company has oil production, reserves, and lands in the Clearwater play in the Marten Hills area of Alberta as well as low decline natural gas production and reserves in the McCully Field near Sussex, New Brunswick.


TSX:HWX - Post by User

Comment by SeargentPepperon Sep 18, 2022 7:49am
172 Views
Post# 34969660

RE:RE:Took Advantage

RE:RE:Took AdvantageThey seem to be getting slightly adventerous at exploration. They can easily afford what they're doing so far, so that is OK with me.

Both of those well licenses are some distance from where anybody has been drilling lately. The one filed as a Grand Rapids target looks like its right on the edge of the land they got from Cenovus. And they seem to have goood hopes for Shadow. 

Bennys65 wrote: HWX in their new presentation states they can make more money growing by the drill bit than being in the M&Ar market.Just saw another license for the Falher at shawdow which ithey feel is a peavine lookalike and a firstt, drilling the grand rapids formation at martin hills.Are we going to see another zone other than the clearwater in our core area.?This story keeps getting more interesting.


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