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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

Post by Bennys65on Apr 01, 2021 6:39am
449 Views
Post# 32920896

Marten Hills Tier 1 acerage

Marten Hills Tier 1 acerage
At 55 wti and a diff of 12.50 Marten Hills payout in an insane 2 months.At 60 wti and diff at 10 and change today the numbers are even more crazy.Looking at presentation Hwx slips in a graph under underwaterflood section showing a possible future  8 leg producer coming in under the initial 8 leg plus 2 leg injector .This is possible as clearwater payzone is over 20 meters thick in tier 1 vs 5  to 6 meters on average in other clearwater acerage.All we can say at this point is that will only improve tier 1 economics even more, if that is possible.Potentially we could double reserves and output.Have not seen any numbers telling how much tier one we have.This is very early days for the clearwater and the learning curve from how big the pool is to what the economics would look lke under polymer flooding has just begun
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