Hemisphere Energy Corporation

Recent News

  • Hemisphere Energy Announces Financial and Operating Results for Q3 2020

    Vancouver, British Columbia--(Newsfile Corp. - November 19, 2020) -  Hemisphere Energy Corporation (TSXV: HME) ("Hemisphere" or the "Company") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2020. Q3 2020 HighlightsAchieved revenue of $5.9 million.Realized an operating netback of $4.7 million, including hedging gains of $0.9 million.Attained quarterly adjusted funds flow from operations of $3.4 million or $0.04 per share (basic).Maintained average quarterly production at 1,686 boe/d (99% heavy crude...

    2020-11-19 8:00 AM ET
  • Hemisphere Energy Provides Corporate and Operational Update

    Vancouver, British Columbia--(Newsfile Corp. - October 28, 2020) - Hemisphere Energy Corporation (TSXV: HME) is pleased to provide an update on its corporate and operational activities.Despite the numerous challenges impacting the world throughout 2020, Hemisphere is optimistic that the year ahead will bring better times. With future constraints on oil supply due to lack of capital investment worldwide, combined with an eventual return of oil demand due to the implementation of vaccines and the return of air travel, Hemisphere...

    2020-10-28 7:00 AM ET
  • Hemisphere Energy Announces Financial and Operating Results for Q2 2020

    Vancouver, British Columbia--(Newsfile Corp. - August 27, 2020) - Hemisphere Energy Corporation (TSXV: HME) ("Hemisphere" or the "Company") announces its financial and operating results for the three and six months ended June 30, 2020. Q2 2020 HighlightsAchieved revenue of $2.5 million.Realized an operating netback of $2.7 million, including hedging gains of $1.4 million.Attained quarterly adjusted funds flow from operations of $1.4 million or $0.02 per share (basic).Increased quarterly production by 20% to 1,645 boe/d (100% heavy crude oil), over...

    2020-08-27 7:00 AM ET
  • Hemisphere Energy Announces Renewal of Normal Course Issuer Bid

    Vancouver, British Columbia--(Newsfile Corp. - June 29, 2020) - Hemisphere Energy Corporation (TSXV: HME) ("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 its Normal Course Issuer Bid (the "NCIB") to purchase for cancellation, from time to time, as Hemisphere considers advisable, up to 7,869,931 common shares ("Common Shares") of the Company, representing approximately ten percent (10%) of the current public float of the Common...

    2020-06-29 7:00 AM ET
  • Hemisphere Energy Announces AGM Results

    Vancouver, British Columbia--(Newsfile Corp. - June 17, 2020) - Hemisphere Energy Corporation (TSXV: HME) ("Hemisphere" or the "Company") announces the results of its annual general meeting of shareholders (AGM) held Wednesday June 17, 2020. A total of 21,708,381 common shares were voted, representing 24.51 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...

    2020-06-17 5:01 PM ET
  • Hemisphere Energy Announces Financial and Operating Results for Q1 2020

    Vancouver, British Columbia--(Newsfile Corp. - May 27, 2020) - Hemisphere Energy Corporation (TSXV: HME) ("Hemisphere" or the "Company") announces its financial and operating results for the three months ended March 31, 2020.Q1 2020 Highlights Achieved revenue of $5.0 million. Realized an operating netback of $3.5 million. Attained quarterly adjusted funds flow from operations of $2.2 million. ...

    2020-05-27 7:00 AM ET
  • Hemisphere Energy Provides Corporate Update and Announces 2019 Fourth Quarter and Year-end Financial and Operating Results

    Vancouver, British Columbia--(Newsfile Corp. - April 23, 2020) -  Hemisphere Energy Corporation (TSXV: HME) ("Hemisphere" or the "Company") is pleased to provide a corporate update and announce its financial and operating results for the fourth quarter and year ended December 31, 2019. Corporate Update and Outlook In recent months, COVID-19 has had an unprecedented impact on the global economy as countries have locked down their citizens in an attempt to stop the spread of...

    2020-04-23 4:23 PM ET
  • Hemisphere Energy Grows PDP Reserve Value by 69% to $116 Million (Discounted at 10%), and Increases 2P Reserve Value by 18% to $235 Million (Discounted at 10%)

    Vancouver, British Columbia--(Newsfile Corp. - March 26, 2020) - Hemisphere Energy Corporation (TSXV: HME) ("Hemisphere" or the "Company") is pleased to announce highlights from its independent reserves evaluation effective as at December 31, 2019 prepared by McDaniel & Associates Consultants Ltd. ("McDaniel"). Following the discussion on reserves, Hemisphere has included an update to its corporate outlook and 2020 capital plans. During 2019 Hemisphere incurred capital expenditures of approximately $11 million, which included capital to drill 11 producing...

    2020-03-26 7:00 AM ET