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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 InsideEnergyon Oct 18, 2021 6:56pm
155 Views
Post# 34020292

RE:RE:RBC starts covering HWX w/ $7 OP rating

RE:RE:RBC starts covering HWX w/ $7 OP ratingthe amount of drilling thru the years there, they must have great well control.  this is also shallow so every well drilled there would show the thickness of the clearwater in every well bore.  I cannot see how there is too much pure exploration.  Unless this target is so isolated to patches here and there.
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