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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

Comment by Bennys65on Jul 01, 2023 5:20pm
163 Views
Post# 35523839

RE:RE:Woodcote clearwater sale

RE:RE:Woodcote clearwater saleI get it.For me being in the energy market is like being in the hospital after a car accident.You know if you stick to the doctors plan eventually the pain will get better and you can get to go home.But in the moment it really sucks.On hwx remember we took out a 100 million line of credit with no clues from the company as to what it was for.Neil doesnt do that for fun as that credit line has a hefty stand by fee when not used.We picked up 35 sections in west nipisi to add to our utikima just above us.In our presetation they show that little piece at utikima has ooip pf 465 million barrels and 161 drilled locations.Not chump change.With tve out of the bidding we may get that at a good price.Woodcote has only put one 2 leg well there and recent license shows then going back to peavine with three wells.At this point dont know if they are selling all or part of their clearwater.We should know whats up by august
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