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.

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Headwater Exploration Inc > Nuttall...

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Comment by marketsenseon Feb 28, 2023 1:05pm

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Post# 35310133

RE:RE:RE:Nuttall...

Nuttal from what I remember said he was not as keen on HWX because he thought
it would take longer and have less beta than BTE or TVE. Its not that he was trashing
it, just that the other 2 Clearwater plays have larger land holdings in Clearwater than
HWX. Does that mean he is a seller? I don't know but I think its very speculative to
suggest that he is.

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