Hemisphere Energy Corp.

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. [...]

Hemisphere Energy Corp. announces its financial and operating results for the three months and nine months ended September 30, 2019. Q3 2019 HIGHLIGHTS Achieved record revenue of $8.2 million, a 40% increase over the third quarter of 2018. Realized record quarterly funds flow from operations of $3.6 million, a 157% increase over the third quarter of 2018. Increased average quarterly production to a record 1,738 boe/d , a [...]

Hemisphere Energy Corp. is pleased to provide an operational and production update on its southern Alberta oil assets. During the second half of September, Hemisphere put the final two wells of its eleven well summer program on production. Based on field estimates, average corporate production between September 16 and September 30, 2019, has been approximately 2,400 boe/d . Hemisphere is monitoring the oil price [...]