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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

Comment by malx1on Apr 30, 2023 2:49pm
217 Views
Post# 35421760

RE:Guidance going forward.

RE:Guidance going forward.
Bennys65 wrote: When hwx reported that shadow was a no go they added that this would not effect production guidance going forward.In other words no new production from exploration was baked into their numbers.We know that utikima at last report was producing 900 bpd and most likely is higher now.TVE and hwx are proving up seal and hwx is going back to peavine with wishbone drilling now being used with success with lcx.My guess is with present and future production from the exploration properties they will have to increase guidance for the company this year.First  quarter report will make for good reading.


You're right.    The old under-promise and over-deliver strategy.     Roszell been to the Rodeo a few times, he's a champ.    Won't be too long before we are 20-25k boe/d
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