Headwater Exploration Inc CDDRF

Primary Symbol: T.HWX

Energy Oil & Gas E&P

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

Headwater Exploration Inc > 2022 exit rate

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Comment by marketsenseon Feb 02, 2023 8:11pm

243 Views

Post# 35263731

RE:RE:RE:RE:RE:2022 exit rate

Thanks "B" for that clarifcation. Anything even close to that looks pretty impressive
to me. I see HWX recovered somewhat late in the day but clearly there was some
panic selling going on. When markets get irrational because of fear or the need to
raise cash, its usually time to buy IMO. Cheers

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