Hemisphere Energy Announces Results from Annual General and Special Meeting of Shareholders
Vancouver, British Columbia--(Newsfile Corp. - June 2, 2025) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") announces the results of its Annual General and Special Meeting of Shareholders ("AGSM") that was held today.A total of 41,688,604 common shares were voted at the AGSM, representing 43.07% of total shares issued and outstanding as at the April 14, 2025 record date of the AGSM.Shareholders voted in favour of all items considered at the AGSM, including:Fix the Number of...
2025-06-02 5:13 PM EDT
Hemisphere Energy Announces 2025 First Quarter Results, Declares Quarterly Dividend, Renews Credit Facility, and Provides Operations Update
Vancouver, British Columbia--(Newsfile Corp. - May 22, 2025) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") provides its financial and operating results for the first quarter ended March 31, 2025, declares a quarterly dividend payment to shareholders, renews credit facility, and provides operations update.Q1 2025 HighlightsAttained record quarterly production of 3,833 boe/d (99% heavy oil), a 21% increase over the same period of last year. Generated $27.3 million in revenue, a 30% increase over the first...
2025-05-22 8:00 AM EDT
Hemisphere Energy Announces 2024 Fourth Quarter and Year-End Financial and Operating Results
Vancouver, British Columbia--(Newsfile Corp. - April 17, 2025) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to provide its financial and operating results for the fourth quarter and year ended December 31, 2024. 2024 Highlights Increased annual production by 10% to a record of 3,436 boe/d (99% heavy oil). Generated annual revenue of $99.9 million, an 18% increase over the previous year. Achieved a 16% increase in annual adjusted funds flow from operations ("AFF")(1)...
2025-04-17 8:00 AM EDT
Hemisphere Energy Declares Special Dividend
Vancouver, British Columbia--(Newsfile Corp. - April 3, 2025) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to announce that its board of directors has approved the declaration of a special dividend to shareholders.Special DividendGiven the strong financial position and performance outlook of the Company, Hemisphere's board of directors has approved the declaration of a special dividend of C$0.03 per common share, in accordance with its dividend policy. The special dividend will be paid on...
2025-04-03 8:00 AM EDT
Hemisphere Energy Announces Proved Reserves of $317 Million with Proved Net Asset Value of $3.21 per Fully Diluted Share
Vancouver, British Columbia--(Newsfile Corp. - March 19, 2025) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: 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, 2024. Hemisphere's estimated 2024 capital expenditures1 of approximately $22 million grew year-end Proved Developed Producing ("PDP") reserves by 13%, increased annual production by 10%, added required infrastructure, and commenced testing a new resource...
2025-03-19 8:00 AM EDT
Hemisphere Energy Provides Corporate Update, Declares Quarterly Dividend, and Announces 2025 Guidance
Vancouver, British Columbia--(Newsfile Corp. - January 29, 2025) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to provide a corporate update, announce the declaration of a quarterly dividend payment to shareholders, and deliver guidance for 2025. Corporate Update In 2024, Hemisphere achieved annual production growth of 10%, executed a $22 million capital expenditure program, and increased its positive year-end working capital position. The Company also returned over $0.22/share ($21.2 million) to shareholders in the...
2025-01-29 8:00 AM EST
Hemisphere Energy Announces Updates to Its Share-Based Compensation Plans and Grants Incentive Restricted Share Units and Stock Options
Vancouver, British Columbia--(Newsfile Corp. - December 16, 2024) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") announces that its Board of Directors has approved a new Restricted Share Unit ("RSU") Plan and made certain amendments to its existing Stock Option Plan that are intended to comply with the provisions of TSXV Policy 4.4 - Security Based Compensation, as well as other housekeeping changes, both subject to shareholder approval at the next annual general meeting in May 2025. The...
2024-12-16 8:00 AM EST
Hemisphere Energy Announces 2024 Third Quarter Results, Declares Quarterly Dividend, and Provides Operations Update
Vancouver, British Columbia--(Newsfile Corp. - November 21, 2024) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to provide its financial and operating results for the three and nine months ended September 30, 2024, declare a quarterly dividend payment to shareholders, and provide an operations update.Q3 2024 HighlightsAchieved quarterly production of 3,621 boe/d (99% heavy oil), an 18% increase over the same quarter last year.Attained quarterly revenue of $26.7 million, a 10% increase from the...
2024-11-21 8:00 AM EST
Hemisphere Energy Declares Special Dividend and Provides Operations Update
Vancouver, British Columbia--(Newsfile Corp. - September 24, 2024) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to announce that its board of directors has approved the declaration of a special dividend to shareholders and provide an update from field operations.Special DividendGiven the strong financial position and performance outlook of the Company, Hemisphere is pleased to announce that its board of directors has approved the declaration of a special dividend of C$0.03 per common share,...
2024-09-24 8:00 AM EDT
Hemisphere Energy Announces 2024 Second Quarter Results, Declares Quarterly Dividend, and Provides Operations Update
Vancouver, British Columbia--(Newsfile Corp. - August 20, 2024) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to provide its financial and operating results for the three and six months ended June 30, 2024, declare a quarterly dividend payment to shareholders, and provide an operations update.Q2 2024 HighlightsAchieved record quarterly production of 3,628 boe/d (99% heavy oil), a 26% increase over the same quarter last year.Attained quarterly revenue of $28.9 million, a 52% increase from the...
2024-08-20 8:00 AM EDT
Hemisphere Energy Announces Normal Course Issuer Bid Renewal
Vancouver, British Columbia--(Newsfile Corp. - July 11, 2024) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("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 8,255,766 common shares ("Common Shares") of the Company, representing approximately 10% of the current public float of the Common Shares.Purchases...
2024-07-11 4:39 PM EDT
Hemisphere Energy Declares Special Dividend
Vancouver, British Columbia--(Newsfile Corp. - June 4, 2024) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to announce that its board of directors has approved the declaration of a special dividend to shareholders.Given the strong financial position and performance outlook of the Company, Hemisphere is pleased to announce that its board of directors has approved the declaration of a special dividend of C$0.03 per common share. The special dividend is part of Hemisphere's...
2024-06-04 8:30 AM EDT
Hemisphere Energy Announces Results from Annual General and Special Meeting of Shareholders
Vancouver, British Columbia--(Newsfile Corp. - May 30, 2024) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") announces the results of its Annual General and Special Meeting of Shareholders that was held today.Annual General and Special Meeting of Shareholders ("AGSM")A total of 46,475,140 common shares were voted, representing 47.45% of total shares issued and outstanding as at the April 11, 2024 record date of the AGSM.Shareholders voted in favour of all items put forward by the Company's...
2024-05-30 2:35 PM EDT
Hemisphere Energy Announces 2024 First Quarter Results, Declares Quarterly Dividend, Renews Credit Facility, and Provides Operations Update
Vancouver, British Columbia--(Newsfile Corp. - May 29, 2024) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") provides its financial and operating results for the first quarter ended March 31, 2024, declares a quarterly dividend payment to shareholders, renews credit facility, and provides operations update.Q1 2024 HighlightsProduced a quarterly average of 3,133 boe/d (99% heavy oil), including significant downtime in January and early February due to extreme cold weather.Attained quarterly revenue of $21.0 million.Maintained low operating and...
2024-05-29 8:00 AM EDT
Hemisphere Energy Announces 2023 Fourth Quarter and Year-End Financial and Operating Results
Vancouver, British Columbia--(Newsfile Corp. - April 18, 2024) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to provide its financial and operating results for the fourth quarter and year ended December 31, 2023. 2023 Highlights Increased fourth quarter production by 16% to a record of 3,386 boe/d (99% heavy oil), and annual production by 11% to 3,125 boe/d (99% heavy oil), as compared to 2022. Achieved annual revenue of $84.5 million, with adjusted funds...
2024-04-18 8:00 AM EDT
Hemisphere Energy Grows Proved Reserve Value to $325 Million and Proved Net Asset Value to $3.18 per Fully Diluted Share
Vancouver, British Columbia--(Newsfile Corp. - March 12, 2024) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: 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, 2023. In 2023, Hemisphere invested $16 million to drill eight successful Atlee Buffalo wells, upgrade facilities in Atlee Buffalo, purchase land and seismic, and pre-purchase some of the materials for its 2024 development...
2024-03-12 8:30 AM EDT
Hemisphere Energy Recognized as Top 50 TSX Venture Exchange Company
Vancouver, British Columbia--(Newsfile Corp. - February 21, 2024) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to announce that it has been named as one of the top performers on the TSX Venture Exchange ("TSXV") for the third consecutive year.The 2024 TSXV 50 showcases the top 50 of over 1,600 TSXV issuers across five sectors: energy, mining, clean technology, life sciences, diversified industries, and technology. The ranking is an equal weighting of...
2024-02-21 7:30 AM EST
Hemisphere Energy Provides Corporate Update, Declares Quarterly Dividend, and Announces 2024 Guidance
Vancouver, British Columbia--(Newsfile Corp. - January 25, 2024) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to provide a corporate update, announce the declaration of a quarterly dividend payment to shareholders, and deliver guidance for 2024. Corporate Update Hemisphere realized another successful year in 2023, balancing production growth with balance sheet strength and shareholder return. During the year, $17.5 million was returned to shareholders in the form of dividends ($13.1 million) and share buybacks ($4.4...
2024-01-25 8:00 AM EST
Hemisphere Energy Announces Management Appointment and Grants Incentive Stock Options
Vancouver, British Columbia--(Newsfile Corp. - December 18, 2023) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to announce the appointment of Ashley Ramsden-Wood as Chief Development Officer. Ms. Ramsden-Wood has served as Vice President of Engineering at Hemisphere since 2014 and has been instrumental in the successful growth and development of the Company. Along with her technical engineering strengths, Ms. Ramsden-Wood provides invaluable contributions to corporate affairs, capital planning, business development, strategic growth initiatives,...
2023-12-18 8:00 AM EST
Hemisphere Energy Announces 2023 Third Quarter Results, Declares Quarterly Dividend, and Provides Operations Update
Vancouver, British Columbia--(Newsfile Corp. - November 21, 2023) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to provide its financial and operating results for the three and nine months ended September 30, 2023, announce the declaration of a quarterly dividend payment to shareholders, and provide an operations update.Q3 2023 HighlightsSecond best quarter in corporate history for production, revenue, operating field netback, and adjusted funds flow from operations ("AFF")1.Produced an average of 3,056 boe/d for...
2023-11-21 8:30 AM EST