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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 SeargentPepperon Aug 17, 2022 2:35pm
199 Views
Post# 34902853

RE:10 prospects 8 to be tested this year.

RE:10 prospects 8 to be tested this year.Yeah, that part of Alberta sure seems to have a lot of layers. That tract they have in the southwest looks out in left field compared to everybody else. I wonder how close it is to the duvernay. 

Bennys65 wrote: HWX in their presentation states that they will test 8 prospects in their clearwater fairway.Looking at what is public we have the bluesky,the spirit river , the falher and woodcote a private has just licsenced the gething in our back yard.Dont know the details but Nuttals inhouse geo is pumped about this area.The clearwater is giving up its secrets and the idea of a multiple zone stacked play is not priced into the clearwater stocks.When these results start to come in the numbers will have to reworked to include this new potential.Cant wait.


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