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 > Sept presentation

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Comment by powerlunchmoneyon Sep 13, 2021 4:21pm

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Post# 33850148

RE:RE:RE:Sept presentation

Your pagination is off by a factor of one Benny (8, 3) bottom right corner but yes, significant cash flow returns. I think we may even see a special dividend by year end given the 70M capital on the sidelines.

Looking at their 2022 projection for distributable cashflow of .98/share would amount to .08 a month.

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Advancing flagship Ishkõday Gold Project in Ontario