Headwater Exploration Inc T.HWX

Utikima

[powerlunchmoney]

Neil not wasting any time with Shadow in the rearview, there is some recent well activity at Nipisi (Utikima Lake). Hope we'll see some positive results from these sections.

[smocher]

</2 wells are duds, big deal, usual stuff in the patch. i'm sure so knowledge was gained. early days, no debt. smile, be happy.>

[Bennys65]

Original plan called for one well at Nipisi.We are now licened for three.

[riski]

Dusters happen all the time. What I find odd is that HWX went so far out of its way to release press on the empty wells and then announce that they will not be giving any more updates until around the next quarterly report - and we know that there will be other well results in the interim. Why not release all well results like this along the way? They didn't have to release any news on those

[marketsense]

A few thoughts here.  They were being very open on the duds which helps maintain  their credibility with the market but at the same time they are being careful before they release anything on the next ones before the quarterly.  This caution is smart if it allows accumulation not necessarily for the dividends but for any positive well results. If they hit a gusher or two before the

[geric]

" Further exploration results will be reported as they become available which is not anticipated to be until the middle of the first quarter of 2023." Based on this I would think they will release drilling results when they have them.  They are just saying likely not until later in Q1.  It doesn't mean they will withhold the news.

[riski]

Yes could be. But I'm not buying it as the whole story and don't find the idea that they are going to release well data as it comes satisfactory. Mostly because the question remains: After a few years of all sorts of discovery and production wells with the usual mixed results AND no special press releases, why did they decide to make a specific press release for just these two wells which

[marketsense]

Welll other than what I've already stated,  I don't know of anything else I can add to  the discussion.  Well maybe just one thing and its strictly based upon my own ideas of what moves markets.  My thinking is seeing Nuttal is heavily involved here and has  raised the market profile of HWX considerably among his folllowers and the public, he may be influencing how

[GoJerez2]

Sorry but your theory is bizarre. These guys are pros and don't listen to shareholders such a Nuttal. Yeh maybe sway at the AGM and in suggestions etc.  also regulators don't allow "playing" with the market etc. so people can buy in low. That's silly Sit back and let them continue with their plan which to date has been unbelievable. First bump and people question it

[GoJerez2]

Thank you to you and Benny plus other quality posters. Always good insight however  don't see anything "wrong" with the PR and agreed as stated no material affect to the play.  I also am a long term Corridor days shareholder btw New Brunswick will materially benefit Headwater once the moratorium is lifted. Crazy politics.  also holding tight for a few years. For

[Foggie2021]

"Go" even in it's current partially developed form, McCully is projected to add $28 million free cash flow to the kitty. This will more than cover the entirety of the first quarter dividend. We all wish the environment would improve to allow further development. Are the politics crazy? No, they're just politics and they may never allow us to develop this resource further. It'

[GoJerez2]

Completely agree with you. We could be sitting at .50 without Neil and Clearwater play.  the politics killed McCully for 12 years .... but the upside will be huge if they move forward. Pity