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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 Dec 12, 2021 8:14am
149 Views
Post# 34222703

RE:RE:Looking ahead

RE:RE:Looking aheadYou may be right on all that.But Neil, dont know what else to call him, stated in a presentation,think it was put on by Peters, that he was surprized that consolidation was taking so long,He mentioned Delta by name ,knew how many rigs they were putting on and what Delta espected production to be in the first quarter.!5000 bpd.He then said he thought a number of players would look to monitize in the first quarter.He also said he knew nothing about what Spur was up to and suggested the Peters guys would have a better handle on that.So I speculated that there was more than a passing interest in Delta.Could be wrong.
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