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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 Dec 29, 2022 3:59pm
302 Views
Post# 35195918

RE:RE:RE:Looking for inventory.

RE:RE:RE:Looking for inventory.on point one.nuttall said shadow had a 15% chance of success.By every definition a wildcat.Land was cheap take a shot.Utikima area our next target is surrounded by spur which has licensed 10 wells for 2023 after drilling a very successfull exploration well.in 2022.As for the 7sections not a lot of land but 10 sections in core martin hills is set to produc 20 000 bpd.for us.Yes cve sold the clearwater early as it was not core to their 800000 bpd.and they were still deleveraging.Just recently they sold another big chunk of clearwater to spur to the northwest of martin hills.Having said all thist I wont be happy if utikuma does not turn out.But even that doesnt change the outlook for the next five years.
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