Hemisphere Energy Corporation

Recent News

  • Hemisphere Energy Provides Operations Update and 2023 Corporate Guidance

    Vancouver, British Columbia--(Newsfile Corp. - January 24, 2023) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to announce an update on its operations and provide corporate guidance for 2023.Corporate UpdateOver the past year Hemisphere has achieved a number of significant corporate milestones, including the elimination of bank debt, initiation of a quarterly dividend, start-up of a tertiary enhanced oil recovery scheme, and new record production levels. These financial and operational accomplishments in 2022 have set the...

    2023-01-24 8:00 AM EST
  • Hemisphere Energy Named to 2023 OTCQX Best 50

    Vancouver, British Columbia--(Newsfile Corp. - January 19, 2023) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to announce that it has been named to the 2023 OTCQX Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year. The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX market. The ranking is calculated based on an equal...

    2023-01-19 2:34 PM EST
  • Hemisphere Energy Announces Drilling Program

    Vancouver, British Columbia--(Newsfile Corp. - December 19, 2022) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to report that it has commenced a two-well drilling program in the Atlee Buffalo area of southeast Alberta.With service cost increases and labour shortages continuing to impact the industry, Hemisphere has taken advantage of an available rig at lower rates to accelerate its first quarter drilling program to December. While drilling operations are expected to be finished by year-end, the Atlee...

    2022-12-19 4:30 PM EST
  • Hemisphere Energy Announces Third Quarter Results and Declares Dividend

    Vancouver, British Columbia--(Newsfile Corp. - November 17, 2022) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") today reported its financial and operating results for the third quarter ended September 30, 2022, during which the Company recorded almost $24 million in revenue and its third highest ever adjusted funds flow from operations (AFF)1 of $10.6 million. Hemisphere also spent $4.6 million on drilling operations and facility improvements, paid off its bank debt, and distributed $2.6 million of dividends to its...

    2022-11-17 8:00 AM EST
  • 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