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.

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Headwater Exploration Inc > Rafi Tahmazian

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Comment by marketsenseon Jul 08, 2023 12:30pm

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Post# 35532146

RE:RE:RE:RE:RE:Rafi Tahmazian

The biggest advantage I could see with a merger is for Spur investors to be able to
sell their stock with ease or if they wish, to buy more stock in the combined company.
That is probably very difficult to do either, being a private company.

One other thing that could be a selling point, is the positive intangible effects that might
become evident. A company of that size with no debt could accelerate developement
and create a powerhouse in the Clearwater which would gain a lot of new interest and
attract new investors. Really a win win for both companies. It may never happen but
I would be very excited to see it happen.

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