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...
2020-03-26 8:00 AM EDT
Hemisphere Energy Provides Operations Update and Outlines Plans for 2020
Vancouver, British Columbia--(Newsfile Corp. - February 5, 2020) - Hemisphere Energy Corporation (TSXV: HME) ("Hemisphere" or the "Company") is pleased to provide an update on its Southern Alberta oil assets following a successful 2019. Through 2019, Hemisphere drilled 11 horizontal oil wells in its Upper Mannville G pool, which greatly expanded development in the Company's most prolific oil pool. The summer drilling program was completed on budget and on time with all wells being brought on...
2020-02-05 9:00 AM EST
Hemisphere Energy Announces Record Third Quarter 2019 Financial and Operating Results and Significant Corporate Growth
Vancouver, British Columbia--(Newsfile Corp. - November 14, 2019) - Hemisphere Energy Corporation (TSXV: HME) ("Hemisphere" or the "Company") announces its financial and operating results for the three months and nine months ended September 30, 2019. Q3 2019 HIGHLIGHTS Achieved record revenue of $8.2 million, a 40% increase over the third quarter of 2018. Realized record quarterly funds flow from operations of $3.6 million, a 157% increase over the third quarter of 2018. Increased average...
2019-11-14 7:00 AM EST
Hemisphere Energy Reaches 2,400 boe/d with Full Summer Drill Program on Production
Vancouver, British Columbia--(Newsfile Corp. - October 2, 2019) - Hemisphere Energy Corporation (TSXV: HME) ("Hemisphere" or the "Company") is pleased to provide an operational and production update on its southern Alberta oil assets. During the second half of September, Hemisphere put the final two wells of its eleven well summer program on production. Based on field estimates, average corporate production between September 16 and September 30, 2019, has been approximately 2,400 boe/d (97%...
2019-10-02 9:00 AM EDT