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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 Sep 21, 2022 7:03am
327 Views
Post# 34975692

2023

2023Looking ahead this will be a srong year for hwx.We will continue to waterflood our core at Martin Hills.On the surface productiion numbers at martin hill can look less than when compared to what bte is getting at peavine.!000bpd vs 400.But what matters is in the end how much oil comes out of the ground.Marten Hills is 20 meters thick.Peavine 5-6 Ed from bte said the eur from martin hills is much bigger than peavine and he would discuss that in the breakout at the Peters conference.We will continue to  add production as we develop Marten Hills west .Waterflood pilot starting this year.We can see how excited the company is about the waterflood potential giving a full diagram of tve waterflood at nipisi and suggesting we might get the same results.I have never seen waterflood results like tve is getting.I think there will be more crown sale land deals.In the aug presentation HWX suggests they could drill up to 55 wells next year on the new land.That is a lot of wells and shows how confident the company is in what they have.Retail is the last to know about the developements in the clearwater.Reading between the lines things look really good to me.Now all we need is for the macro to settle down.
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