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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 Sep 18, 2022 1:13pm
201 Views
Post# 34969927

RE:RE:RE:Took Advantage

RE:RE:RE:Took AdvantageHwx is not just going out this half to poke some some holes to see what they have.In addition they are spending 30 million on roads and pad developement  in the new lands which tells me they are very confident in what they have.Yes they are excited about shadow and only need to get some results so they can tell their story.The 30 million spent on getting ready to develope the new lands will allow them a runniing start early 2023.At this point I would love to know their cap ex plans going forward.Clearly not a geo but found out the grand rapids formation is on top of the clearwater.If that zone is productive it will have big implications for both hwx and tve.
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