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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 May 12, 2024 12:42pm
328 Views
Post# 36035907

hwx tve

hwx tveHwx just picked up two net sections of seal land Looking at their map they took a 30% WI in 7 sections the bottom left hand side of tve seal land position Both tve and hwx have said that seal is huge.Tve has it hands full and wont be doing much work on seal in 2024 Hwx sees it as a future growth engine and have six wells planned for 2024.Both companies now will be sharing info which bodes well for tve and hwx
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