Headwater Exploration Inc T.HWX

Alternate Symbol(s): CDDRF

Energy Oil & Gas E&P

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.

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Headwater Exploration Inc > BOE Intel

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Comment by marketsenseon May 27, 2023 11:48am

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Post# 35467171

RE:BOE Intel

Looking good Benny. Thanks again. HWX keeps improving every Qtr despite all
the chatter going on in the oil markets. SPR releases, over supply issues, now
debt ceiling worries. So much noise if you are a day trader but invested longs can
sit back and collect the div while waiting for the inevitable rerating as HWX keeps
bringing on more wells every Qtr at highly profitable pay out metrics. Only 2 Qtrs
away from a 20,000 bbl/d exit rate.

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle