Hemisphere Energy Corp.

Hemisphere Energy Corp. is pleased to announce that it has entered into a new extendible two year committed term facility with ATB Financial , providing for borrowings of up to $35,000,000 . As part of entering into the Credit Facility, the Company has fully repaid and terminated its existing term loan with Cibolo Energy Partners . The refinancing resulting from the new Credit Facility is expected to provide additional [...]

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 7,687,830 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 [...]

Hemisphere Energy Corp. is pleased to announce that it has commenced injection of polymer into its Atlee Buffalo Upper Mannville G pool. The Company would like to thank all its contractors, service providers, and field staff for their exceptional efforts in completing this project on time and on budget during these unprecedented times. Hemisphere owns and operates two oil pools in the Atlee Buffalo area, and has worked [...]

Hemisphere Energy Corp. announces the results of its annual general meeting of shareholders held Tuesday, June 15, 2021. A total of 28,709,869 common shares were voted, representing 32.65 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 the board of directors [...]

Hemisphere Energy Corp. is pleased to provide its financial and operating results for the first quarter ended March 31, 2021. The first quarter of 2021 yielded excellent results for Hemisphere. Production averaged 9% higher than the fourth quarter, as wells started to respond to injector conversions done late in 2020. Production has since climbed even further, averaging over 1,800 boe/d to date in the second quarter [...]

Hemisphere Energy Corp. is pleased to provide an update on its Upper Mannville G pool polymer project in the Atlee Buffalo area of southeast Alberta. Hemisphere has made significant progress on the construction work at its G pool facility that will allow the Company to convert its currently active waterflood into a polymer flood. Hemisphere is awaiting the delivery of its specialized polymer skid, scheduled in early June [...]

Hemisphere Energy Corp. is pleased to provide its financial and operating results for the fourth quarter and year ended December 31, 2020. For Hemisphere, 2020 was a year of strengthening the balance sheet by cutting capital, reducing costs, maintaining year over year production rates, and paying down nearly 25% of its previously outstanding year-end debt. Despite spending only $1.7 million in capital during the year, the [...]

Hemisphere Energy Corp. is pleased to announce that effective April 6, 2021, it will commence trading on the OTCQX Venture Marketplace under the symbol "HMENF". U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com. The OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high [...]

OTC Markets Group Inc. , operator of financial markets for 11,000 U.S. and global securities, today announced Hemisphere Energy Corp. , a Canadian oil and gas company, has qualified to trade on the OTCQX® Best Market. Hemisphere Energy Corp. upgraded to OTCQX from the OTCQB® Venture Market. Hemisphere Energy Corp. begins trading today on OTCQX under the symbol "HMENF." U.S. investors can find current financial disclosure [...]

Hemisphere Energy Corp. is pleased to announce an update on its operations and provide corporate guidance for 2021 and 2022. Operations Update and Development Plans During the first quarter of 2021 Hemisphere has seen an overall increase in production from its fourth quarter injector conversions. Month-to-date production has averaged 1,850 boe/d . Hemisphere is excited to announce that its G pool polymer flood is [...]