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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 Nov 16, 2022 7:25am
228 Views
Post# 35102473

RE:Volume

RE:VolumeLike others I was suprized with the results from strat drilling at shadow.I was hoping for some tail wind under the stock as news leaked out .61 sections is a lot of land and hwx is still a small companyIt was wildcat drilling which allways has the potential to disapoint..Sucess there woild be hard to ignore.Did get my chance to buy on weakness yesterday so am not complaining.The important fact 2023 guidence of 18000 bpd average .40 div and over 110 million in the bank year end has not changed.Any good results from exploration is just upside with none of it factored in to 2023.They are going straight to Utikima which is North west nipisi and is low risk.Spur drilled a well there last year which got everyones attention and have just licenced 7 more.7 sections might not look like much but tve just reported 4000 bpd from 3,25 sections after 5 months in nipisi just to the south.Spur results may be better than that.Next couple of months will be interesting as results from tve bte and hwx come in.from greater peavine area.Brian from TVE said in recent talk that the clearwater is just getting started.Would have loved to be a fly on the wall when HWX geos reported to Neil that there was nothing at shawdow.
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