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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 Aug 27, 2022 8:40am
385 Views
Post# 34924326

RE:8 well appraisal program 4 quarter

RE:8 well appraisal program 4 quarterNuttall on recent market call thinks hwx is a double from here at 6 times ev/cf and that is giving no value to the new land or any exploration on it.General comment that tve and hwx stockprice being held back as market thinks they will buy Deltastram and got hrough a period of digestion which is why he sold wcp when they bought xto.Once that deal is done or not ,the stocks will be free to run.Robert Tang says he wont sell unles it is at a premium.Will see what Arc financial has to say in the near future.
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