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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 Oct 02, 2022 7:00am
482 Views
Post# 34999986

2022 exploration wells

2022 exploration wellsIt looks like we will be drilling 8 exploration wells in 2022 testing multiple zones and areas.Ed from bte in Peters conference gave some great colour on the various clearwaterplays.The big wells at peavine are overpressured which accouts for the high flow rates,The oil is heavier than marten hills and less mobil .Going to seal the oil is lighter more mobil less pressure but has 5 distinct zones.If these zones all  or most prove productive this will be a very high return area.Official well results will start coming in in early jan.but we will see news leak out before that and being reflected in the stock price.Because of its size shadow 61 sections results could have a big impact for hwx.Does anyone know someone working on the drilling crews?LOL.looking forward to opec counter move on wed
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