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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 Jan 14, 2023 5:08am
499 Views
Post# 35222917

Spur 16-20 well

Spur 16-20 wellThis well is directly beside us in utikima.It was drilled last year and produced  ip30 of 150 from only 2 laterals.So assuming 6 laterals that would be ip30 450.In the clearwater that is a big well.HWX  in their corp pres shows their are three zones here.Dont know what that means until they are drilled.Also we could be looking at eight laterals.Things will get interesting when hwx gives us some numbers.
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