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 [...]
Hemisphere Energy Corp. announces its financial and operating results for the three and six months ended June 30, 2020. Q2 2020 Highlights Achieved revenue of $2.5 million. Realized an operating netback of $2.7 million, including hedging gains of $1.4 million. Attained quarterly adjusted funds flow from operations of $1.4 million or $0.02 per share . Increased quarterly production by 20% to 1,645 boe/d , over the second [...]
Hemisphere Energy Corp. is pleased to announce that the TSX Venture Exchange has accepted the Company's Notice of Intention to renew its Normal Course Issuer Bid to purchase for cancellation, from time to time, as Hemisphere considers advisable, up to 7,869,931 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 on [...]
Hemisphere Energy Corp. announces the results of its annual general meeting of shareholders held Wednesday June 17, 2020. A total of 21,708,381 common shares were voted, representing 24.51 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 [...]
Hemisphere Energy Corp. announces its financial and operating results for the three months ended March 31, 2020. Q1 2020 Highlights Achieved revenue of $5.0 million. Realized an operating netback of $3.5 million. Attained quarterly adjusted funds flow from operations of $2.2 million. Increased quarterly production by 43% to 1,973 boe/d , as compared to the first quarter of 2019. Reduced operating and transportation [...]
Hemisphere Energy Corp. is pleased to provide a corporate update and announce its financial and operating results for the fourth quarter and year ended December 31, 2019. Corporate Update and Outlook In recent months, COVID-19 has had an unprecedented impact on the global economy as countries have locked down their citizens in an attempt to stop the spread of the virus. This instantaneous loss in demand for oil and its [...]
Hemisphere Energy Corp. is pleased to announce highlights from its independent reserves evaluation effective as at December 31, 2019 prepared by McDaniel & Associates Consultants Ltd. . Following the discussion on reserves, Hemisphere has included an update to its corporate outlook and 2020 capital plans. During 2019 Hemisphere incurred capital expenditures of approximately $11 million, which included capital to drill 11 [...]
Hemisphere Energy Corp. is pleased to provide an update on its Southern Alberta oil assets following a successful 2019. Through 2019, Hemisphere drilled 11 horizontal oil wells in its Upper Mannville G pool, which greatly expanded development in the Company's most prolific oil pool. The summer drilling program was completed on budget and on time with all wells being brought on production by the fourth quarter. Based on [...]
https://youtu.be/QAuxCEyldlc The View from the C-Suite video interview series highlights the unique perspectives of listed companies on Toronto Stock Exchange and TSX Venture Exchange. Videos provide insight into how company executives think in the current business environment. To see the latest View from the C-Suite videos visit www.tmxmoney.com/en/news/csuite.html) About Hemisphere Energy Corp. [...]
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