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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 Aug 29, 2023 7:31am
241 Views
Post# 35609353

RE:RE:RE:Nuttall Effect

RE:RE:RE:Nuttall EffectI agree on the debate of which way to go growth vs income has been ongoing.The question is does the clearwater change the debate.Brian at tve has said that some clearwater wells in martin hills core have paid out over 15 times and are still producing.Compare that to the average wcsb well with a life of well paying out 1.5 to 2 times.Hwx is growing production in 2023 adding a lot of new land doing waterflood,paying a big div  and at year end we will have 65 mill in the bank vs adjustd working cap end quarter of 49 mil.all at 75 wti..Therefore I am thinking and hoping we can grow and add to div at the same time .Time will tell.
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