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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 Sep 18, 2022 7:49am
190 Views
Post# 34969660

RE:RE:Took Advantage

RE:RE:Took AdvantageThey seem to be getting slightly adventerous at exploration. They can easily afford what they're doing so far, so that is OK with me.

Both of those well licenses are some distance from where anybody has been drilling lately. The one filed as a Grand Rapids target looks like its right on the edge of the land they got from Cenovus. And they seem to have goood hopes for Shadow. 

Bennys65 wrote: HWX in their new presentation states they can make more money growing by the drill bit than being in the M&Ar market.Just saw another license for the Falher at shawdow which ithey feel is a peavine lookalike and a firstt, drilling the grand rapids formation at martin hills.Are we going to see another zone other than the clearwater in our core area.?This story keeps getting more interesting.


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