Headwater Exploration Inc T.HWX

Alternate Symbol(s): CDDRF

Energy Oil & Gas E&P

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.

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Headwater Exploration Inc > Oil and Gas Supply Deficit

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Post by geezer21on May 05, 2022 1:53pm

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Post# 34659419

Oil and Gas Supply Deficit

The oil and gas supply deficit is greater than what demand destruction can counter act. Expect oil and gas prices to keep rising.

The available pool of oil to meet demand is declining with taking Russian oil off the market, with oil production declining, with OPEC unable to achieve the increase in production they said would deliver over 6 months ago, and with Biden buying oil back to restock strategic reserves.

Hang on to your shares.

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