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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

Post by Bennys65on Sep 06, 2023 6:42am
308 Views
Post# 35621339

Quarter 4

Quarter 4Had a look at the news flow we can expect going into year end. At peavine we will be drilling the b and c bench having already drilled the d.Next door tve results show the c and b being their best zones with the d being the poorest.Tve thinks they hve 50 -60 million per section.Lot of oil in place.Company did not say if we could expect results before year end.West Martin hills is where we will get info.Already a major growth platform for us, we will be testing e, g, f, benches and getting results before year end.If this becomes an economic multi stack play it will have implications for our stock price.The multi stack nature is what makes the montney so important and profitable.Good news here will also be good news for tve.Up to now the market has paid little attentiont to drilling results.Only focused on return of capital.Thinking about that the lazy oil analysts will have to get to work as this type of news like in the old days will be driving stock prices.
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