A director at Hemisphere Energy Corporation bought 79,800 shares at 1.238USD and the significance rating of the trade was 73/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last tw...
Vancouver, British Columbia--(Newsfile Corp. - September 15, 2021) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to announce that it has commenced a three-well drilling program in the Atlee Buffalo G pool, in southeast Alberta. All three wells are being drilled from the same pad and are expected to be placed on production by mid-October. Hemisphere’s last drilling program was in 2019 when 11 wells were drilled into the pool, of which four were subsequently converted to injectors. Average corporate production since 2019 has been approximat...
Vancouver, British Columbia--(Newsfile Corp. - August 17, 2021) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to provide its financial and operating results for the second quarter ended June 30, 2021.During the second quarter, Hemisphere achieved record revenue of $10.1 million, generated adjusted funds flow from operations (AFF) of $4.2 million ($26.03/boe), and increased average production by 8% when compared to the previous quarter. Hemisphere's capital expenditures during the quarter were $1.9 million, including the construction, inst...
Vancouver, British Columbia--(Newsfile Corp. - July 28, 2021) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF)("Hemisphere" or the "Company") is pleased to announce that it has entered into a new extendible two year committed term facility with ATB Financial (the "Lender"), providing for borrowings of up to $35,000,000 (the "Credit Facility"). As part of entering into the Credit Facility, the Company has fully repaid and terminated its existing term loan with Cibolo Energy Partners (the "Former Term Loan"). The refinancing resulting from the new Credit Facility is expected to provi...
Vancouver, British Columbia--(Newsfile Corp. - July 14, 2021) - Hemisphere Energy Corporation (TSXV: HME) ("Hemisphere" or the "Company") is pleased to announce that the TSX Venture Exchange (the "TSXV") has accepted the Company's Notice of Intention to renew of its Normal Course Issuer Bid (the "NCIB") to purchase for cancellation, from time to time, as Hemisphere considers advisable, up to 7,687,830 common shares ("Common Shares") of the Company, representing approximately ten percent (10%) of the current public float of the Common Shares.Purchases of Common Shares will be made on the open m...
Vancouver, British Columbia--(Newsfile Corp. - June 29, 2021) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") 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 toward polymer conversion at the first of these t...
Vancouver, British Columbia--(Newsfile Corp. - June 15, 2021) - Hemisphere Energy Corporation (TSXV: HME) ("Hemisphere" or the "Company") announces the results of its annual general meeting of shareholders (AGM) 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 were elected, as set out below.VOTES ...
Vancouver, British Columbia--(Newsfile Corp. - May 19, 2021) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") 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 (99% heavy crude oil and 1% conventional natural gas...
Vancouver, British Columbia--(Newsfile Corp. - May 6, 2021) - Hemisphere Energy Corporation (TSXV: HME) (OTCQB: HMENF) ("Hemisphere" or the "Company") 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, for the final phase of field installation. Po...
Vancouver, British Columbia--(Newsfile Corp. - April 28, 2021) - Hemisphere Energy Corporation ("Hemisphere" or the "Company") 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 Company grew its Proved and Proved plus Probable reserves by 18% and 2...
Vancouver, British Columbia--(Newsfile Corp. - April 6, 2021) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to announce that effective April 6, 2021, it will commence trading on the OTCQX Venture Marketplace ("OTCQX") under the symbol "HMENF". U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on .The OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate g...
Vancouver, British Columbia--(Newsfile Corp. - March 31, 2021) - Hemisphere Energy Corporation (TSXV: HME) (OTCQB: HMENF) ("Hemisphere" or the "Company") is pleased to announce an update on its operations and provide corporate guidance for 2021 and 2022.Operations Update and Development PlansDuring 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 (99% heavy oil, based on field estimates between March 1-28, 2021).Hemisphere is excited to announce that its G pool polyme...
Vancouver, British Columbia--(Newsfile Corp. - March 11, 2021) - Hemisphere Energy Corporation (TSXV: HME) (OTCQB: HMENF) ("Hemisphere" or the "Company") is pleased to announce highlights from its independent reserves evaluation (the "Reserve Report"), prepared by McDaniel & Associates Consultants Ltd. ("McDaniel") 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 (99% heavy crude oil). The Company's main focus in 2020 was to reduce debt and position itself fo...
Vancouver, British Columbia--(Newsfile Corp. - March 3, 2021) - Hemisphere Energy Corporation (TSXV: HME) ("Hemisphere" or the "Company") is pleased to announce that effective March 3, 2021, it will commence trading on the OTCQB Venture Marketplace ("OTCQB") 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 Company on the OTC Markets website . Hemisphere's co...
Vancouver, British Columbia--(Newsfile Corp. - February 10, 2021) - Hemisphere Energy Corporation (TSXV: HME) ("Hemisphere" or the "Company") 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 minimal at approximately $1.5 million, with the remaind...
Vancouver, British Columbia--(Newsfile Corp. - November 19, 2020) - Hemisphere Energy Corporation (TSXV: HME) ("Hemisphere" or the "Company") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2020. Q3 2020 HighlightsAchieved 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 (basic).Maintained average quarterly production at 1,686 boe/d (99% heavy crude oil).Reduced operating and transp...
Vancouver, British Columbia--(Newsfile Corp. - October 28, 2020) - Hemisphere Energy Corporation (TSXV: HME) 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 air travel, Hemisphere sees the opportunity for a meaningful increase in oil prices in th...
Vancouver, British Columbia--(Newsfile Corp. - August 27, 2020) - Hemisphere Energy Corporation (TSXV: HME) ("Hemisphere" or the "Company") announces its financial and operating results for the three and six months ended June 30, 2020. Q2 2020 HighlightsAchieved 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 (basic).Increased quarterly production by 20% to 1,645 boe/d (100% heavy crude oil), over the second quarter of 2019.Reduced operating ...
Vancouver, British Columbia--(Newsfile Corp. - June 29, 2020) - Hemisphere Energy Corporation (TSXV: HME) ("Hemisphere" or the "Company") is pleased to announce that the TSX Venture Exchange (the "TSXV") has accepted the Company's Notice of Intention to renew its Normal Course Issuer Bid (the "NCIB") to purchase for cancellation, from time to time, as Hemisphere considers advisable, up to 7,869,931 common shares ("Common Shares") of the Company, representing approximately ten percent (10%) of the current public float of the Common Shares.Purchases of Common Shares will be made on the open mark...
Vancouver, British Columbia--(Newsfile Corp. - June 17, 2020) - Hemisphere Energy Corporation (TSXV: HME) ("Hemisphere" or the "Company") announces the results of its annual general meeting of shareholders (AGM) 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 directors were elected, as set out below.VOTES ...
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