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Headwater Exploration Inc CDDRF


Primary Symbol: T.HWX

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 18, 2023 7:44am
443 Views
Post# 35293431

Utikima

Utikima Just sent an email off to the company looking for clarification.We started with a plan to drill a well in utikima.That well turned into 3 for end of 2022 with two more planned for jan 2023.Using public info I get 7 wells drilled so far with an well 8 spud on feb 16.Clearly the company likes what they have and we will have to waituntil march 9 for the goods.Utikima results are not baked into the five year plan.Last weeks stock action for the oils was nuts.Cheap became cheaper
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