Hemisphere Energy Corp.

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 [...]

Hemisphere Energy Corp. announces the results of its annual general meeting of shareholders held Tuesday June 09, 2022. A total of 18,667,159 common shares were voted, representing 18.50 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 an update on its renewed credit facility, operations, revised annual guidance, and return to shareholder plan. Credit Facility Hemisphere has completed the renewal of its extendible two year committed term facility with ATB Financial, providing for borrowings of up to $35,000,000 . As was announced with the latest quarterly financials, the Company exited the first quarter with [...]

Hemisphere Energy Corp. provides its financial and operating results for the first quarter ended March 31, 2022. Q1 2022 Highlights Produced a record quarterly average of 2,648 boe/d, a 60% increase over the first quarter of 2021. Attained record quarterly revenue of $22.9 million, a 190% increase over the first quarter of 2021. Delivered an operating field netback1 of $64.89/boe, 80% higher than the first quarter of [...]

SNN Network presents the Planet MicroCap Showcase taking place on May 3-5, 2022, where 88 MicroCap public and private companies will be presenting at Bally's Hotel & Casino in Las Vegas. The Planet MicroCap Showcase begins on Tuesday, May 3, 2022 with the "MicroCap Investing Workshop" starting at 12:00pm PST and featuring well-known financial influencers, investors, fund managers, and key opinion leaders, followed by 88 [...]

Hemisphere Energy Corp. is pleased to provide its financial and operating results for the fourth quarter and year ended December 31, 2021. 2021 Highlights Increased annual production to record levels of 1,820 boe/d, and exited 2021 with a December production average of 2,400 boe/d. Attained record annual revenue of $43.1 million, a 131% increase over 2020. Realized record annual adjusted funds flow from operations of [...]

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, 2021. In 2021, Hemisphere invested $12 million in its Atlee Buffalo core area, including drilling seven wells, implementing a polymer flood in the Upper Mannville G oil pool , and upgrading facilities to accommodate additional oil [...]

Hemisphere Energy Corp. is pleased to announce that it has been named as one of the top performers on the TSX Venture Exchange . Each year, the TSXV 50 celebrates the top achievers on the Exchange over the last year. Comprised of 10 companies from each of five industry sectors, the ranking recognizes the strongest performance on the Exchange based on market capitalization growth, share price appreciation, and trading [...]

Hemisphere Energy Corp. is pleased to announce an update on its operations. During the first half of January, Hemisphere brought four new Atlee F pool wells online that had been drilled at the end of the fourth quarter. Corporate production including these new wells has averaged approximately 2,635 boe/d over the past two weeks . This represents record production for the Company, and is a direct result of Hemisphere's [...]