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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

Post by Bennys65on Jan 20, 2023 9:16am
315 Views
Post# 35235233

hwx

hwxAs you know I am big on waterflood.HWX seeing the results of tve has said they believe that they have the same rock as tve and are starting a waterflood in the top of west martin hills.What is new in their recent presentation is they are going to do a new pilot in the middle of west martin hills where they have been getting great results.Takeaway hwx is bullish on their waterflood potential.When we first bought exploration land the presentation showed a diagram outlining the edges of greater peavine potential for clearwater,Lot of land ,lot of players.Recent diagram shows the sweet spot in green for clearwater potential.Needless to see all our land purchases fall within the sweetspot and the same for tve.Lastly.Company annouced a credit line for 100 mil with no immediate plans.This is with us having over a 100 mil in the bank and no debt.Clearly they have somthing planned and time will tell.
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