Headwater Exploration Inc T.HWX

West Martin Hills

[Bennys65]

Desjardins just reported that in this area with new discoverys hwx feels they have over 1 billion barrels of recoverable oil.That is on primary production.Go to waterflood and that number jumps to 2 billion.Big number.With 50dollar netbacks that is a lot of cash coming at you.They also mentioned that we could see a div raise in the dec guidance.That suprized me as we have increased cap ex two times in 2023 but will be happy if it happens.

[Foggie2021]

Wow Benny. I can do that arithmetic. 2 billion times 50 is 100 billion dollars. Spraed that out over 20? years and that's 5 billion a year.........Mind Boggling.......think we're sitting on a liquid gold mine.

[SeargentPepper]

I wonder if Desjardins could be confusing oil in place and recoverable. Big numbers either way.

[Bennys65]

They called it recoverable resouce..No mention of waterflood so that is primary production.