Headwater Exploration Inc T.HWX

Alternate Symbol(s): CDDRF

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.

TSX:HWX - Post by User

Headwater Exploration Inc > Rafi Tahmazian

<< Previous

Bullboard Posts

Next >>

Comment by pogohereon Jul 07, 2023 11:32pm

218 Views

Post# 35531898

RE:RE:RE:RE:Rafi Tahmazian

SPUR & HWX future:

from: PrarieSky investor presentation @ https://www.prairiesky.com/2023-investor-day/

As of May '23 Spur was producing 36k/bpd (@ min 22:16) and anticipated producing 75k/bpd by 2027 w/o the effect of waterflooding (@ min 24:42).

HWX might produce as much as 20k/bpd by YE 2023. Unless Spur wanted to go pubic (@ 38:05) by a "merger" with HWX with HWX as the surviving entity, it's hard to see what the incentive would be to Spur's present owners who are doing quite well as is. Still, I wouldn't underestimate the creativity of HWX execs and their friends.

<< Previous

Bullboard Posts

Next >>

AmmPower chosen for Ukraine program to advance clean energy initiatives