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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 Feb 07, 2023 8:04am
462 Views
Post# 35271253

waterfloods

waterfloodsLooks like hwx will be starting two waterfloods in west marten in march.Brian fron tve has stated that no one seems interested in waterflood so he doesnt talk a lot about it.That maybe about to change when they report march 1.I hope that results from their new pad will be avaible and it will show their first outstanding response was not a one off.Garg white tundra said on sunday he is holding tve waiting for waterflood news.Tve also said they think their waterflood potential moves east on deltastream which is close to us.Hwx stated they may have the same rock as tve.If that is the case first response should start showing up early june.Compare that to one or two years in a convential pool.We are using two different formats to test the response.Will be fun watching the market catch on.
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