Hemisphere Energy Corporation

Recent News

  • OTC Markets Group Welcomes Hemisphere Energy to OTCQX

    Vancouver, British Columbia--(Newsfile Corp. - April 6, 2021) -  Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to announce that effective April 6, 2021, it will commence trading on the OTCQX Venture Marketplace ("OTCQX") under the symbol "HMENF". U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.The OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial...

    2021-04-06 8:00 AM ET
  • Hemisphere Energy Provides Operations Update and Corporate Guidance

    Vancouver, British Columbia--(Newsfile Corp. - March 31, 2021) -  Hemisphere Energy Corporation (TSXV: HME) (OTCQB: HMENF) ("Hemisphere" or the "Company") is pleased to announce an update on its operations and provide corporate guidance for 2021 and 2022.Operations Update and Development PlansDuring the first quarter of 2021 Hemisphere has seen an overall increase in production from its fourth quarter injector conversions. Month-to-date production has averaged 1,850 boe/d (99% heavy oil, based on field estimates between March 1-28, 2021).Hemisphere is excited to...

    2021-03-31 8:00 AM ET
  • Hemisphere Energy Grows Proved Reserves by 18% and Proved Plus Probable Reserves by 22%

    Vancouver, British Columbia--(Newsfile Corp. - March 11, 2021) - Hemisphere Energy Corporation (TSXV: HME) (OTCQB: 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, 2020. During 2020 Hemisphere incurred capital expenditures of $1.7 million and maintained average production year-over-year at approximately 1,700 boe/d (99% heavy crude oil). The Company's main focus in 2020 was to reduce debt...

    2021-03-11 9:00 AM ET
  • Hemisphere Begins Trading on the OTCQB Under Ticker HMENF

    Vancouver, British Columbia--(Newsfile Corp. - March 3, 2021) - Hemisphere Energy Corporation (TSXV: HME) ("Hemisphere" or the "Company") is pleased to announce that effective March 3, 2021, it will commence trading on the OTCQB Venture Marketplace ("OTCQB") under the symbol "HMENF". Trading on the OTCQB is expected to make the Company accessible to a broader range of U.S. investors in order to increase liquidity and visibility in the United States. U.S. investors can find current financial...

    2021-03-03 10:00 AM ET
  • Hemisphere Energy Provides Corporate and Operations Update

    Vancouver, British Columbia--(Newsfile Corp. - February 10, 2021) - Hemisphere Energy Corporation (TSXV: HME) ("Hemisphere" or the "Company") is pleased to provide an update on corporate activities and its Southern Alberta oil assets. Although 2020 had considerable challenges, Hemisphere made several important achievements throughout the year. Focus remained on debt reduction through limiting capital expenditures, minimizing costs, and maximizing profitability even when that included shutting in production. Capital spending for 2020 was minimal at approximately $1.5 million, with...

    2021-02-10 10:00 AM ET
  • 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 9:00 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 8:00 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 8:00 AM ET