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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 Aug 02, 2022 5:45pm
304 Views
Post# 34866802

HWX and privates.

HWX and privates.i allways thought we would have merged with Delta by now based on an interview with Neil where he suggested they would be coming to market in the fist quarter.We all the fit is there guess the price was too high.Robert Tang of Delta is shrewd and knows the potential value of the clearwater.So anyone else?.In the first quarter we bought a land position in peavine.Quite small and to the west of bte.Hwx calls it an anologue to bte wells.Tve has a good chunkr but woodcote a private has a ton of land all around bteTve in recent CC said hitting some 400 bpd next to them.Right now their production is small but did they ever do a good job at picking up choice land before the window closed.To the north hw has 30 sectionsat seal.Again tve is there and in the cc very excited about the potential Woodcote also has a big postion close to them all.In north west nipisi where spur got everyones attention with their results hwx picked up some land right next door.Guess who also has a big position there.Woodcote.So the purpose behind all this is to say maybe hwx has another private in its sights.Either tve or hwx would love to have them and their choice land.
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