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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 riskion Sep 15, 2021 3:54pm
186 Views
Post# 33863351

RE:RE:RE:RE:RE:Sept presentation

RE:RE:RE:RE:RE:Sept presentation Yes, exactly this.  They have been in negotiations for months and have walked away from a counter offer that they deemed to expensive.  This is their way of saying: "Take our offer or leave it.  We can forge ahead without you and we have the metrics to make our shareholders very happy".

Bennys65 wrote: Thanks for that.There is a good reason I will never be a bean counter.I am now thinking that Hwx is putting the privates on notice.Do a deal with profitable metrics or we will simply give our cash back to our shareholders.The clearwater is in such an early stage with alot of blue sky in waterflood polymer flood and new discoveries, I am sure that any seller would like to bake that potential into a price for their shares.Hwx is saying we have other options dont be stupid.Time will tell.This quarter will be interesting.


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