Headwater Exploration Inc T.HWX

big chunk of land

[swale13]

I wonder  ...  is there is a lot of older vertical wireline log data on this ground

[Bennys65]

If they paid 39 million there must have been some data to go on.

[Bennys65]

Looking at the hwx presentation map I can see two little squares in the area of the new land.Looking at boe intel map shows the purple area with a little white square in the middle.In short hwx already owened land in the area and likely did some work on it before the bid.

[powerlunchmoney]

makes sense, the working capital is down to 65M from 100M.

[Bennys65]

The new land in heart river where we started drilling on march 3 cost 57000 per section.Contrast that with the recent clearwater sale in purple which sold for 644,000 per section.If hwx bought it you can sense how much they value the potential.

[Bennys65]

Lots of weekend chatter on how much was paid for that clearwater block and who got it.

[Bennys65]

Looks like the market thinks we got some of that new clearwater

[malx1]

Benny - appreciate the fireside chats, the stuff nobody gets from quarterly MD&A's. HWX the go-to name for emerging Canadian Intermediates. Wait for the American money to find us.