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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 Oct 28, 2023 6:14am
242 Views
Post# 35705450

RE:RE:Low Perm heavy the new sexy

RE:RE:Low Perm heavy the new sexyWe will see if hwx gives us more info next week when they report.There is no question they have been targeting this play with their land purchases.Both hwx and little sister lcx have been on a land grab with the most recent 32 well transfer from ipc ,to lcx not yet reported.The economics of the tier 1 wells as reported by lcx are right up their with the clearwater.If they are still buying land it might be awhile before we get the full picture.
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