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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 May 22, 2021 9:43am
329 Views
Post# 33253704

Looking ahead for clearwater players

Looking ahead for clearwater playersThese are some things which I believe will cause attention and rerating of clearwater players.First MA .This is coming and will focus the market.Exploration results.There will be some surprizes and some disapointments leading to an expansion of the play and rerating of reserves.Check out bonus land sales in april shown on HWX presentation to the north and west of Marten Hills.We know there is a wide varation in rock types accross the play so will take some time to dial in the waterflood potential but that news is coming.As mentioned spur has begun polyymer flood test in Nipsis.The market will be waiting for those results as they are a game changer.Because this is a new play we are early in the learning curve as to what works best .Hwx in their presentation show new concept approaches which will lead to better results.
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