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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 Jan 30, 2024 2:05pm
257 Views
Post# 35853136

More heart river .

More heart river .Dan Payne oil analyst NB flaged the fact that hwx was now showing heart river on the jan presentation.Tom McInnes a clearwater in the know guy,talked about it and today BOE intel did a write up.So this is what we know .HWx has at least 10 sections and is planningto drill.BOE says land brokers hold more and they think hwx is the owner.No one has yet talked about the fact Cardinel has two sections beside us and drilled a six leg well in late 2023.Dont know if the well is confidential or public but going to their website they suggest develeopment early 2025.They also said they would monitor competitor results in the near term.That would be hwx.Strating to look interesting.
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