Hemisphere Energy Corp.

Hemisphere Energy Corp. is pleased to announce that it has been named as one of the top performers on the TSX Venture Exchange for the second consecutive year. The 2023 TSXV 50 showcases the top 50 of over 1,700 TSXV issuers across five sectors: energy, mining, clean technology, life sciences, diversified industries, and technology. The ranking is an equal weighting of each company's performance during 2022 across three [...]

Hemisphere Energy Corp. is pleased to announce highlights from its independent reserves evaluation , prepared by McDaniel & Associates Consultants Ltd. and effective as at December 31, 2022. In 2022, Hemisphere invested $18.4 million to drill 13 wells, implement a polymer-surfactant flood in the Upper Mannville F oil pool , upgrade facilities in Atlee Buffalo, purchase land and seismic, and pre-purchase some of the [...]

Hemisphere Energy Corp. is pleased to announce that its board of directors has approved a quarterly cash dividend of $0.025 per common share in accordance with the Company's variable dividend policy. The dividend will be paid February 21, 2023 to shareholders of record as of the close of business on February 10, 2023. The dividend is designated as an eligible dividend for income tax purposes. About Hemisphere Energy [...]

Hemisphere Energy Corp. is pleased to announce an update on its operations and provide corporate guidance for 2023. Corporate Update Over 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 [...]

Hemisphere Energy Corp. 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 weighting of one-year total return and average daily dollar volume growth in the previous [...]

Hemisphere Energy Corp. 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 [...]

Hemisphere Energy Corp. 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 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 [...]

Hemisphere Energy Corp. 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 new treater, allowing for higher production [...]

Hemisphere Energy Corp. 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 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. The Company [...]

Hemisphere Energy Corp. is pleased to announce that the TSX Venture Exchange has accepted the Company's Notice of Intention to renew of its Normal Course Issuer Bid to purchase for cancellation, from time to time, as Hemisphere considers advisable, up to 8,905,836 common shares of the Company, representing approximately ten percent of the current public float of the Common Shares. Purchases of Common Shares will be made [...]