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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 Bennys65on Apr 13, 2023 2:42am
206 Views
Post# 35392093

RE:RE:Good news for hwx.

RE:RE:Good news for hwx.Spur just released an update on their operations.As you know our utikima land already a sucess is up against them and we have just added 35 setions in the area.Spur says they have put down 5 successfull c wells and are planning to drill the e zone which is much thicker and looking more productive..As an aside they have clear sight to 75000 bpd in five years,and presently are paying with special div over 5 dollar a share on less than 30000.This area also has three zones like seal.We have brought on the c and and gone from 0 to 900 in three months.Wehave drilled the other two zones which would include the e in march.Stay tuned for those results Utilima and seal may have the potential to double our production and the divs that go with that.
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