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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 Jul 14, 2021 12:39pm
161 Views
Post# 33542717

RE:RE:Heavy oil diffs

RE:RE:Heavy oil diffsDepending on where they are on their land the api for their oil is mostly med heavy.For most purposes it is priced after wcs or cdn heavy.So hwx is looked at as a heavy oil stock.Same for other companys in the area.They would love to buy some more clearwater or heavy oil.Spur 18000 bpd and deltastream 10000 would be a dream come true.They will both sell as they are privates.The big question is when and how much.Big chess game going on over there as we speak.Neil is an excellent player.
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