Post by
Bennys65 on Sep 21, 2022 7:03am
2023
Looking ahead this will be a srong year for hwx.We will continue to waterflood our core at Martin Hills.On the surface productiion numbers at martin hill can look less than when compared to what bte is getting at peavine.!000bpd vs 400.But what matters is in the end how much oil comes out of the ground.Marten Hills is 20 meters thick.Peavine 5-6 Ed from bte said the eur from martin hills is much bigger than peavine and he would discuss that in the breakout at the Peters conference.We will continue to add production as we develop Marten Hills west .Waterflood pilot starting this year.We can see how excited the company is about the waterflood potential giving a full diagram of tve waterflood at nipisi and suggesting we might get the same results.I have never seen waterflood results like tve is getting.I think there will be more crown sale land deals.In the aug presentation HWX suggests they could drill up to 55 wells next year on the new land.That is a lot of wells and shows how confident the company is in what they have.Retail is the last to know about the developements in the clearwater.Reading between the lines things look really good to me.Now all we need is for the macro to settle down.