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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 Jan 20, 2023 3:49pm
266 Views
Post# 35236392

RE:RE:hwx

RE:RE:hwxMost of the clearwater as we know it has been bought up.There are two privates.Spur which is around 27000 bpd and has plans to grow to 50.000 Then there is woodcote.I think this looks possible Production about 4000 bpd times 60000 per flowing and we would get land all around us in peavine and utikima plus a spot in nipisi.and seal.If they are going to sell would expect them to ramp up drilling like delta to get a good price.
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