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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

Post by Bennys65on Apr 20, 2022 5:02pm
242 Views
Post# 34618075

Daily Oil Bulletin

Daily Oil BulletinHeadwater was the featured company today as they do a series on the clearwater.Most info we already know.Jason the ceo did highlight a few things.Firstly they are very happy with recent exploration results.They now have a total of 12 down and we have results on five.Hopefully in the quarter update we get a look at what they are so. pleased with.Waterflood is really working and looking like it will double are recovereable reserves in our core.30 million becpmes 60 .Big numbers.Lastly on MA said there are roughly 10 companies now in the clearwater.In the next couple of years that will through consolidation become 2 or three.Doesnt expect anything to happen in the short term.We continue to acquire land as the play gets bigger.
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