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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 Aug 30, 2024 5:46am
635 Views
Post# 36202373

Hwx exploation

Hwx exploationDuring the summer DOB reports there was a land rush in the bonnyvale area of alberta going after the manville stack with high prices paid per acre Our august presentation shows that we have 16 sections with up to 23 million per section in this area with a multilateral to be drilled this quarter .No strat test no single leg test shows a high level of confidence For a small company hwx has a big company attitude towards new play exploration The reason we can do this is no debt and money in the bank Sure looks like hwx is laying the groundwork for a high growth spin co as was mentioned earlier by one of the investment houses.Puting a value on this potential is difficult right now.One thing is for sure hwx is no longer just a clearwater story and the market at some point will have to price that in.
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