Hemisphere Energy Corporation

Recent News

  • Hemisphere Energy Accelerates 2022 Drilling Program

    Vancouver, British Columbia--(Newsfile Corp. - November 25, 2021) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to provide an update on its drilling operations in the Atlee Buffalo area of southeast Alberta.Due to rig availability constraints and projected cost increases in 2022, Hemisphere has recently accelerated a portion of its 2022 capital spending plans and commenced a drilling program in the Atlee F pool for up to 4 wells during the fourth quarter of...

    2021-11-25 7:00 AM EST
  • Hemisphere Energy Reports 2021 Third Quarter Financial and Operating Results and Provides Update on Operations

    Vancouver, British Columbia--(Newsfile Corp. - November 18, 2021) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to provide an operations update and its financial and operating results for the third quarter ended September 30, 2021. Third Quarter 2021 Financial and Operating HighlightsDuring the third quarter, Hemisphere invested just over $3.3 million in its Atlee Buffalo field operations. The majority of capital expenditures included a successful three well drilling program in the Atlee G Pool....

    2021-11-18 7:00 AM EST
  • Hemisphere Energy Commences Fall Drilling Program

    Vancouver, British Columbia--(Newsfile Corp. - September 15, 2021) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to announce that it has commenced a three-well drilling program in the Atlee Buffalo G pool, in southeast Alberta. All three wells are being drilled from the same pad and are expected to be placed on production by mid-October. Hemisphere’s last drilling program was in 2019 when 11 wells were drilled into the pool, of which four were subsequently converted...

    2021-09-15 8:00 AM EDT
  • Hemisphere Energy Announces 2021 Second Quarter Financial and Operating Results

    Vancouver, British Columbia--(Newsfile Corp. - August 17, 2021) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to provide its financial and operating results for the second quarter ended June 30, 2021.During the second quarter, Hemisphere achieved record revenue of $10.1 million, generated adjusted funds flow from operations (AFF) of $4.2 million ($26.03/boe), and increased average production by 8% when compared to the previous quarter. Hemisphere's capital expenditures during the quarter were $1.9 million, including the construction,...

    2021-08-17 7:00 AM EDT
  • Hemisphere Energy Establishes New $35 Million Credit Facility and Announces Early Payout of Its Term Loan

    Vancouver, British Columbia--(Newsfile Corp. - July 28, 2021) -  Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF)("Hemisphere" or the "Company") is pleased to announce that it has entered into a new extendible two year committed term facility with ATB Financial (the "Lender"), providing for borrowings of up to $35,000,000 (the "Credit Facility"). As part of entering into the Credit Facility, the Company has fully repaid and terminated its existing term loan with Cibolo Energy Partners (the "Former Term Loan"). The refinancing resulting...

    2021-07-28 8:00 AM EDT
  • Hemisphere Energy Announces Normal Course Issuer Bid

    Vancouver, British Columbia--(Newsfile Corp. - July 14, 2021) - 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 of its Normal Course Issuer Bid (the "NCIB") to purchase for cancellation, from time to time, as Hemisphere considers advisable, up to 7,687,830 common shares ("Common Shares") of the Company, representing approximately ten percent (10%) of the current public float of the...

    2021-07-14 9:00 AM EDT
  • Hemisphere Energy Announces Start-Up of Polymer Injection in Atlee Buffalo

    Vancouver, British Columbia--(Newsfile Corp. - June 29, 2021) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to announce that it has commenced injection of polymer into its Atlee Buffalo Upper Mannville G pool. The Company would like to thank all its contractors, service providers, and field staff for their exceptional efforts in completing this project on time and on budget during these unprecedented times.Hemisphere owns and operates two oil pools in the Atlee Buffalo...

    2021-06-29 4:30 PM EDT
  • Hemisphere Energy Announces AGM Results

    Vancouver, British Columbia--(Newsfile Corp. - June 15, 2021) - Hemisphere Energy Corporation (TSXV: HME) ("Hemisphere" or the "Company") announces the results of its annual general meeting of shareholders (AGM) held Tuesday, June 15, 2021.A total of 28,709,869 common shares were voted, representing 32.65 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 the board...

    2021-06-15 6:15 PM EDT