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 > Engineering VP selling...

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Comment by Khersonon Apr 04, 2023 7:24am

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Post# 35377936

RE:RE:RE:RE:RE:RE:Engineering VP selling...

Benny, if you really believe that New Brunswick is looking to lift their fracking ban on natural gas, as you say, then you really did not do your homework here.
The biggest hurdle is the fact that municipalities are not allowed to treat waste water from hydraulic fracking. Throw in the opposition from First Nations, the clowns who call themselves the "Greens" and the overall lack of a present business case, fracking is not gonna happen!
In fact, I see the old Corridor asset being written down in value over the next few years!

Kherson

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