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Bullboard - Stock Discussion Forum 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... see more

TSX:HWX - Post Discussion

Headwater Exploration Inc > 2022 exploration wells
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Post by Bennys65 on Oct 02, 2022 7:00am

2022 exploration wells

It looks like we will be drilling 8 exploration wells in 2022 testing multiple zones and areas.Ed from bte in Peters conference gave some great colour on the various clearwaterplays.The big wells at peavine are overpressured which accouts for the high flow rates,The oil is heavier than marten hills and less mobil .Going to seal the oil is lighter more mobil less pressure but has 5 distinct zones.If these zones all  or most prove productive this will be a very high return area.Official well results will start coming in in early jan.but we will see news leak out before that and being reflected in the stock price.Because of its size shadow 61 sections results could have a big impact for hwx.Does anyone know someone working on the drilling crews?LOL.looking forward to opec counter move on wed
Comment by marketsense on Oct 02, 2022 4:45pm
Great info Benny.  Another thing that surprises me about HWX is given the pedigree of mgmt and the tremendous potential of the Clearwater,  why more people aren't posting about it.  TVE and BTE do but it is what it is.  HWX seems out of the loop for now.   Well maybe its a good thing because its allowing me to keep adding.  I suspect I'm not the only one...... ...more  
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