TSX-V: HME VANCOUVER, Jan. 10, 2017 /CNW/ - Hemisphere Energy Corp. ("Hemisphere" or the "Company") (TSX-V: HME) is pleased to announce the renewal of its credit facility with no changes. Following the mid-year review with its lender, Hemisphere's credit facility was reaffirmed at $12.5 million. All covenants and applicable margins on borrowing costs remain unchanged. As at January 9, 2017, the Company has drawn [...]
TSX-V: HME VANCOUVER, Nov. 24, 2016 /CNW/ - Hemisphere Energy Corp. (TSX-V: HME) ("Hemisphere" or the "Company") announces its financial and operating results for the three and nine months ended September 30, 2016. Q3 2016 HIGHLIGHTS Drilled and placed on production Hemisphere's first producing well from the Atlee Buffalo Upper Mannville G pool at an IP90 of over 60 boe/d (100% oil). Averaged quarterly production of 518 [...]
TSX-V: HME VANCOUVER, Nov. 23, 2016 /CNW/ - Hemisphere Energy Corp. (TSX-V: HME) ("Hemisphere" or the "Company") is pleased to announce the results of its summer Atlee Buffalo development well which has now been on production for over 90 days, and an update on overall corporate production which is currently at approximately 640 boe/d (91% oil). Hemisphere's first horizontal well into the Atlee Buffalo Upper Mannville G [...]
TSX-V: HME VANCOUVER, Sept. 12, 2016 /CNW/ - Hemisphere Energy Corp. (TSX-V: HME) ("Hemisphere" or the "Company") is pleased to announce results from its most recent development well which tested production from its Atlee Buffalo Upper Mannville G pool. Following the closing of a private placement with gross proceeds of $1.9 million, Hemisphere drilled its first horizontal development well into the Atlee Buffalo Upper [...]
TSX-V: HME VANCOUVER, Aug. 25, 2016 /CNW/ - Hemisphere Energy Corp. (TSX-V: HME) ("Hemisphere" or the "Company") announces its financial and operating results for the three months ended June 30, 2016. Q2 2016 Highlights Averaged quarterly production of 492 boe/d (83% oil). Realized an operating netback of $580,876, or $12.97/boe, for a $10.24/boe improvement over the first quarter of 2016 with an average WTI price of [...]
TSX-V: HME VANCOUVER, July 12, 2016 /CNW/ - Hemisphere Energy Corp. ("Hemisphere" or the "Company") (TSX-V: HME) is pleased to announce the closing of the final tranche of its non-brokered private placement offering (the "Offering"). In connection with the closing of the final tranche, Hemisphere issued 527,000 flow-through shares ("Flow-Through Shares") at a price of $0.21 per share, which were issued on a Canadian [...]
TSX-V: HME VANCOUVER, June 29, 2016 /CNW/ - Hemisphere Energy Corp. ("Hemisphere" or the "Company") (TSX-V: HME) is pleased to announce the closing of the first tranche of its non-brokered private placement offering (the "Offering"). Hemisphere issued 2,743,000 flow-through shares ("Flow-Through Shares") at a price of $0.21 per share, which were issued on a Canadian Development Expense flow-through basis pursuant to the [...]
TSX-V: HME VANCOUVER, June 13, 2016 /CNW/ - Hemisphere Energy Corp. ("Hemisphere" or the "Company") (TSX-V: HME) is pleased to announce that its shareholders approved all matters put before them at the Company's Annual General and Special Meeting held June 10, 2016 (the "Meeting") as follows: Presented the audited annual financial statements of the Company for the year ended December 31, 2015 and the report of the [...]
TSX-V: HME VANCOUVER, June 8, 2016 /CNW/ - Hemisphere Energy Corp. ("Hemisphere" or the "Company") (TSX-V: HME) is pleased to announce a non-brokered private placement offering (the "Offering") of up to 3,100,000 common shares of Hemisphere ("Flow-Through Shares") at a price of $0.21 per Flow-Through Share to be issued on a Canadian Development Expense flow-through basis pursuant to the provisions of the Income Tax Act [...]
TSX-V: HME VANCOUVER, May 30, 2016 /CNW/ - Hemisphere Energy Corp. (TSX-V: HME) ("Hemisphere" or the "Company") announces its financial and operating results for the three months ended March 31, 2016. Q1 2016 Highlights Achieved quarterly production averaging 508 boe/d (81% oil). Realized a $2.73/boe operating netback with a challenging commodity price environment and an average WTI price of $33.45 ($US/bbl). Reduced [...]
TSX-V: HME VANCOUVER, April 26, 2016 /CNW/ - Hemisphere Energy Corp. (TSX-V: HME) ("Hemisphere" or the "Company") is pleased to announce its financial and operating results for the year ended December 31, 2015. Through 2015 Hemisphere focused on reducing administration and operating costs while at the same time developing its assets to maximize reserve additions with minimal capital. The Company successfully concentrated [...]
TSX-V: HME VANCOUVER, March 8, 2016 /CNW/ - Hemisphere Energy Corp. (TSX-V: HME) ("Hemisphere" or the "Company") is pleased to announce highlights from its independent reserves evaluation as at December 31, 2015 prepared by McDaniel & Associates Consultants Ltd. ("McDaniel"). In 2015, Hemisphere spent $2.4 million of development capital on its assets with specific focus on increasing fluid handling capacity in Jenner and [...]