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Headwater Exploration Inc T.HWX

Alternate Symbol(s):  CDDRF

Headwater Exploration Inc. is a Canadian resource company engaged in the exploration for and development and production of petroleum and natural gas in Canada. The Company has heavy oil production and reserves in the Clearwater/Falher formations in the Marten Hills, Greater Nipisi and Greater Peavine areas of Alberta and natural gas production and reserves in the McCully field near Sussex, New Brunswick. The McCully Field is located approximately 10 kilometers (kms) 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 approximately 35 mmscfpd, and a 50 km transmission line connected to the Maritimes and Northeast pipeline. The McCully Field is a winter producing asset connected to the northeast United States gas market. The Company drilled its first stratigraphic test and single-leg horizontal well, prospective for heavy oil, in Handel, Saskatchewan.


TSX:HWX - Post by User

Comment by Bennys65on Dec 27, 2020 8:31am
253 Views
Post# 32184850

RE:RE:RE:RE:Rafi on BNN

RE:RE:RE:RE:Rafi on BNNLooks like we have competition in clearwater.Tamarack just got a small piece when they took out Highwood and woodcote .Back in 2016
Spur pete sold their position in viking to tamarack.Ian Currie was CEO then and is now ceo of Spur resources the biggest current landowner and producer in the clearwater.He is presently on the board of Tamarack which gives them the inside track.That leaves Delta run by Robert Tang who is a shrewd dealmaker.With almost 4 billion barrels in place and growing the prize gets really big if polymer flooding gets similiar results as Pelican lake to the north.Look fo 26% recoverable.Should be an interesting year.
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