Hemisphere Energy Corporation

Recent News

  • Hemisphere Energy Announces Tertiary Recovery Project Start-Up in Atlee Buffalo F Pool

    Vancouver, British Columbia--(Newsfile Corp. - September 22, 2022) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to provide an update on its operations in Southern Alberta.Hemisphere completed construction of its new injection plant at the Atlee Buffalo F pool battery during the summer and moved into the early stages of tertiary recovery for the pool in August. Through the fourth quarter, the Company plans to expand its oil battery with the addition of a...

    2022-09-22 8:00 AM EDT
  • Hemisphere Energy Announces Record Quarterly Results and Declares Dividend

    Vancouver, British Columbia--(Newsfile Corp. - August 18, 2022) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") provides its financial and operating results for the second quarter ended June 30, 2022.During the second quarter of 2022, Hemisphere achieved record adjusted funds flow from operations (AFF)1 of $14 million and lowered net debt[1] to $3.7 million. Hemisphere was also active in the field with five new wells drilled in the Atlee Buffalo area, which were brought onstream throughout July....

    2022-08-18 8:00 AM EDT
  • Hemisphere Energy Announces Normal Course Issuer Bid Renewal

    Vancouver, British Columbia--(Newsfile Corp. - July 6, 2022) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to announce that the TSX Venture Exchange (the "TSXV") has accepted the Company's Notice of Intention to renew of its Normal Course Issuer Bid (the "NCIB") to purchase for cancellation, from time to time, as Hemisphere considers advisable, up to 8,905,836 common shares ("Common Shares") of the Company, representing approximately ten percent (10%) of the current public float...

    2022-07-06 6:00 PM EDT
  • Hemisphere Energy Announces AGM Results

    Vancouver, British Columbia--(Newsfile Corp. - June 9, 2022) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") announces the results of its annual general meeting of shareholders (AGM) held Tuesday June 09, 2022. A total of 18,667,159 common shares were voted, representing 18.50 percent of total shares issued and outstanding as at the record date of the meeting.Shareholders voted in favour of all items put forward by the board of directors and management. All six individuals nominated for...

    2022-06-09 7:00 PM EDT
  • Hemisphere Energy Announces Inaugural Variable Dividend, Renewed Credit Facility, Increased Guidance, and Operations Update

    Vancouver, British Columbia--(Newsfile Corp. - June 7, 2022) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to provide an update on its renewed credit facility, operations, revised annual guidance, and return to shareholder plan.Credit FacilityHemisphere has completed the renewal of its extendible two year committed term facility with ATB Financial, providing for borrowings of up to $35,000,000 (the "Credit Facility"). As was announced with the latest quarterly financials, the Company exited the first quarter...

    2022-06-07 8:00 AM EDT
  • Hemisphere Energy Announces Record First Quarter Results

    Vancouver, British Columbia--(Newsfile Corp. - May 18, 2022) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") provides its financial and operating results for the first quarter ended March 31, 2022.Q1 2022 HighlightsProduced a record quarterly aver

    2022-05-18 8:00 AM EDT
  • Hemisphere Energy Announces 2021 Fourth Quarter and Year-End Financial and Operating Results

    Vancouver, British Columbia--(Newsfile Corp. - April 21, 2022) -  Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to provide its financial and operating results for the fourth quarter and year ended December 31, 2021.2021 HighlightsIncreased annual production to record levels of 1,820 boe/d, and exited 2021 with a December production average of 2,400 boe/d.Attained record annual revenue of $43.1 million, a 131% increase over 2020.Realized record annual adjusted funds flow from operations (AFF) of $18.5 million, a...

    2022-04-21 8:00 AM EDT
  • Hemisphere Energy Grows Proved Reserve Value by 63% to $276 Million and Proved Net Asset Value to $2.43 per Fully Diluted Share

    Vancouver, British Columbia--(Newsfile Corp. - March 16, 2022) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to announce highlights from its independent reserves evaluation (the "Reserve Report"), prepared by McDaniel & Associates Consultants Ltd. ("McDaniel") and effective as at December 31, 2021. In 2021, Hemisphere invested $12 million in its Atlee Buffalo core area, including drilling seven wells, implementing a polymer flood in the Upper Mannville G oil pool ("G pool"), and upgrading facilities...

    2022-03-16 8:00 AM EDT