Headwater Exploration Inc T.HWX

Alternate Symbol(s): CDDRF

Energy Oil & Gas E&P

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.

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Headwater Exploration Inc > gas

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Comment by commonsense9on Feb 09, 2021 1:24pm

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Post# 32514441

RE:gas

In the past they hedged as much as they could. Anybody's guess whether that is still true now that the winter price premium is so reduced.

The rest they sell on short term contracts- at a higher price mid-winter... but they would never have sold much at the spot prices.

quote=dropthegloves]Does anyone know how much of the gas being delivered to Algonquin City Gate is unhedged. The spot price has sky rocketed[/quote]

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