Hemisphere Energy Corp.

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 [...]

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, 2020. During 2020 Hemisphere incurred capital expenditures of $1.7 million and maintained average production year-over-year at approximately 1,700 boe/d . The Company's main focus in 2020 was to reduce debt and position itself for growth in [...]

Hemisphere Energy Corp. is pleased to announce that effective March 3, 2021, it will commence trading on the OTCQB Venture Marketplace under the symbol "HMENF". Trading on the OTCQB is expected to make the Company accessible to a broader range of U.S. investors in order to increase liquidity and visibility in the United States. U.S. investors can find current financial disclosure and real-time level 2 quotes for the [...]

Hemisphere Energy Corp. is pleased to provide an update on corporate activities and its Southern Alberta oil assets. Although 2020 had considerable challenges, Hemisphere made several important achievements throughout the year. Focus remained on debt reduction through limiting capital expenditures, minimizing costs, and maximizing profitability even when that included shutting in production. Capital spending for 2020 was [...]

Hemisphere Energy Corp. is pleased to announce its financial and operating results for the three and nine months ended September 30, 2020. Q3 2020 Highlights Achieved revenue of $5.9 million. Realized an operating netback of $4.7 million, including hedging gains of $0.9 million. Attained quarterly adjusted funds flow from operations of $3.4 million or $0.04 per share . Maintained average quarterly production at 1,686 [...]

Hemisphere Energy Corp. is pleased to provide an update on its corporate and operational activities. Despite the numerous challenges impacting the world throughout 2020, Hemisphere is optimistic that the year ahead will bring better times. With future constraints on oil supply due to lack of capital investment worldwide, combined with an eventual return of oil demand due to the implementation of vaccines and the return of [...]