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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

Post by Bennys65on Jul 16, 2023 5:25am
340 Views
Post# 35543021

clearwater learning curve.

clearwater learning curve.I guess it is stating the obvious when I suggest that the clearwater players are   improving their productivity by watching and feeding off each others results.I was listening to the excellent 3 part series with tve and Sohaib Abbas and picked up that in the discussion on waterflood tve found that delta stream  in  Martin Hills core was not injecting enougth water into their floods to get the best results.If you follow tve closely you will know that tve made waterflood early on  a priority and hired the best talent out there.With over 60 million per section of oil inplace hwx started their waterflood in martin hills early.They reported stabilized production and plan to have the whole field under flood sometime in 2024.In their last corp pres they snuck in that they were increasing their water injection by 70% clearly piggy backing off tve expertise.By itself this is not a game changer but the cumlative effect of these companies watching each other and refining their approches will make the most profitable oil play in north america even more profitable.
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