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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 Feb 04, 2022 7:07am
191 Views
Post# 34396425

RE:Added on this Dip

RE:Added on this Dip Hwx has said in an interview that they thought Deltastream would be looking to do a deal in the first quarter of 2022.Usually when a company is close to being bought they hold off on drilling.or at least slow down with anything new.Deltastream is very active right now.Maybe reading toomuch into it.In the consolation game there is little talk of cnq which has a good chunk in the bottem of the Marten Hills sweet spot and producing roughly 4000 bpd.One of the new Hwx exploration wells is the 16-27 at the bottem of the Delta comlpex All previous drilling was in the north at the top of the same complex..We will get results at march 10.What I find interesting is cnq has blocks of land to the left and right of our drilling rig.Maybe too much coffee but we could also be looking at cnq MA which would be a smaller bite than Delta.Interesting times ahead.
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