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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 Nov 11, 2021 5:40am
214 Views
Post# 34113626

RE:RE:RE:RE:Qtly report ?

RE:RE:RE:RE:Qtly report ?Just some things that stood out for me.HWX continues to deliever like a well oiled machine.Neil said in his last presentation that the derisking of our exploration land will act as a positive for the share price.That has happened and we are moving quickly into developement mode .See what the market thinks.2022 with the budget at 120 mil we will exit the year with 153 million in the bank.That is with a slighly agressive 75 wti.Nice little war chest.Reading between the lines consolidation in the clearwater is a given.For us the target is Delta which Neil thinks will be coming to market first quarter.Cant wait.Speaking of first quarter company says they will be drilling 5 unique exploration prospects.What a tease.New oil battery comes on stream in the first quarter with a saving of 4 dollars per barrel.on op costs.Lots to like
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