Headwater Exploration Inc T.HWX

Alternate Symbol(s): CDDRF

Energy Oil & Gas E&P

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.

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Headwater Exploration Inc > Desjardins

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Comment by riskion Jul 30, 2024 11:21am

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Post# 36154427

RE:RE:Desjardins

Hey Benny, what do you think they mean by high growth spinoff? Are they anticipating a new company to be spun out of HWX for this project? Or are they implying that the Manville play will spin off high growth within HWX once developed?

Bennys65 wrote: Desjardins in their quarter report suggested that the new exploration plays in the manville will need addional capital in order to develop They can see a high growth spin off coming which would make that possible.

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