VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 21, 2015) - Hemisphere Energy Corp. ("Hemisphere" or the "Company") (TSX VENTURE:HME) announces that it has decided to restate certain financial information for the year ended December 31, 2013 (the "2013 Restatement"). The material changes to be included in the 2013 Restatement will affect the Company's impairment, depletion, and decommissioning costs and will have a [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 11, 2015) - Hemisphere Energy Corp. ("Hemisphere") (TSX VENTURE:HME) is pleased to announce highlights from its independent reserves evaluation as at December 31, 2014 in accordance with National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities ("NI 51-101"). In 2014 Hemisphere completed its busiest development year to-date, drilling and placing on [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 29, 2015) - Hemisphere Energy Corp. ("Hemisphere" or the "Company") (TSX VENTURE:HME) announces that it has granted incentive stock options to officers, directors, employees and consultants of the Company entitling them to purchase up to a total of 1,125,000 common shares at an exercise price of $0.24 each, pursuant to the Company's Stock Option Plan for a term of five years [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 28, 2015) - Hemisphere Energy Corp. ("Hemisphere" or the "Company") (TSX VENTURE:HME) is pleased to provide an update on corporate production, highlights from the fourth quarter, and operational plans for 2015. Production Update Hemisphere achieved record production rates since bringing the wells from its fall drilling program on-stream. Based on field estimates, production [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 9, 2014) - Hemisphere Energy Corp. ("Hemisphere" or the "Company") (TSX VENTURE:HME) is pleased to announce that its credit facility has been increased to $15.0 million from $10.5 million, effective November 28, 2014. This substantial increase comes as a result of significant drilling success and production growth from the Company's 2014 capital program. Hemisphere's next [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 18, 2014) - Hemisphere Energy Corp. (TSX VENTURE:HME) ("Hemisphere" or the "Company") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2014. Q3 2014 Highlights Achieved highest quarterly average production rate to-date of 725 boe/d (86% oil and NGL), a 31% increase over the second quarter of 2014 and a 57 [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct 28, 2014) - Hemisphere Energy Corp. ("Hemisphere" or the "Company") (TSX VENTURE:HME) is pleased to provide an update on production and the completion of its five well fall drilling program in the Atlee Buffalo and Jenner areas in Southeast Alberta. Operations Update Hemisphere has successfully drilled four horizontal development wells in Atlee Buffalo and one vertical test [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct 8, 2014) - Hemisphere Energy Corp. (TSX VENTURE:HME) is pleased to announce the appointment of Mr. Richard Wyman to the Board of Directors effective October 7, 2014, subject to regulatory approval. With over 30 years' experience, Mr. Wyman began his career as a reservoir engineer with Esso Resources Canada Ltd. in Calgary prior to becoming a corporate finance associate with [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 29, 2014) - Hemisphere Energy Corp. (TSX VENTURE:HME) announces that it has granted incentive stock options to officers, employees, consultants and directors of the Company entitling them to purchase up to a total of 785,000 shares at an exercise price of $0.65 each, pursuant to the Company's Stock Option Plan for a term of five years and subject to the receipt of the [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 22, 2014) - Hemisphere Energy Corp. (TSX VENTURE:HME) is pleased to announce initial production results from the final three wells of its summer drilling program, record corporate production rates, and the commencement of a fall drilling program in Atlee Buffalo, Alberta. Production Update As a result of the successful summer drilling program, Hemisphere has achieved record [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 9, 2014) - Hemisphere Energy Corp. (TSX VENTURE:HME) ("Hemisphere" or the "Company") is pleased to announce the promotion of Mr. Ian Duncan to Chief Operating Officer and the appointment of Ms. Ashley Ramsden-Wood to Vice President of Engineering, effective immediately. Mr. Duncan has served as Hemisphere's Vice President of Engineering since May 2011 and has been [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug 27, 2014) - Hemisphere Energy Corp. (TSX VENTURE:HME) ("Hemisphere" or the "Company") is pleased to announce its financial and operating results for the three and six months ended June 30, 2014. Q2 2014 Achievements and Financial Highlights Achieved quarterly average production of 553 boe/d (82% oil and NGL), a 36% increase over the second quarter in 2013. Generated a [...]