Hemisphere Energy Provides Operations Update and Declares a Special Dividend
Vancouver, British Columbia--(Newsfile Corp. - September 28, 2023) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to provide an operations update and declare a special dividend to shareholders.Operations UpdateHemisphere recently completed its 2023 summer drilling program in the Atlee Buffalo area. Eight wells were drilled with six wells planned as producers, one well designated as an injector, and one well to be produced for several months before being converted into an injector. All producing...
2023-09-28 8:00 AM EDT
Hemisphere Energy Announces 2023 Second Quarter Results, Declares Quarterly Dividend, and Provides Operations Update
Vancouver, British Columbia--(Newsfile Corp. - August 24, 2023) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") provides its financial and operating results for the three and six months ended June 30, 2023, declares a quarterly dividend payment to shareholders, and provides an operations update.Q2 2023 HighlightsProduced an average of 2,883 boe/d for the quarter and 3,026 boe/d for the six months ended June 30, 2023, a 9% increase over the first half of 2022.Attained quarterly revenue of...
2023-08-24 8:30 AM EDT
Hemisphere Energy Announces Normal Course Issuer Bid Renewal
Vancouver, British Columbia--(Newsfile Corp. - July 11, 2023) - 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 8,670,636 common shares ("Common Shares") of the Company, representing approximately 10% of the current public float of the...
2023-07-11 5:23 PM EDT
Hemisphere Energy Announces Results from Annual General and Special Meeting of Shareholders
Vancouver, British Columbia--(Newsfile Corp. - June 1, 2023) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") announces the results of its Annual General and Special Meeting of Shareholders (the "Meeting") that was held today. A total of 41,139,641 common shares were voted, representing 41 percent of total shares issued and outstanding as at the April 14, 2023 record date of the Meeting.Shareholders voted in favour of all items put forward by the Company's Board of Directors...
2023-06-01 5:33 PM EDT
Hemisphere Energy Revises Dividend Record Date for Quarterly Dividend
Vancouver, British Columbia--(Newsfile Corp. - May 30, 2023) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") announces today that the Company has changed the previously announced record date for its quarterly cash dividend of C$0.025 per common share to be payable to the shareholders of record as of the close of business on June 7, 2023, from the shareholders of record as of the close of business on June 1, 2023. The dividend will continue to...
2023-05-30 7:02 PM EDT
Hemisphere Energy Announces 2023 First Quarter Results, Declares Quarterly Dividend, Renews Credit Facility, and Provides Operations Update
Vancouver, British Columbia--(Newsfile Corp. - May 25, 2023) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") provides its financial and operating results for the first quarter ended March 31, 2023, declares a quarterly dividend payment to shareholders, renews credit facility, and provides operations update.Q1 2023 HighlightsProduced a record quarterly average of 3,171 boe/d, a 20% increase over the first quarter of 2022.Attained quarterly revenue of $18.7 million.Delivered an operating field netback1 of $11.3 million or $39.75/boe.Realized quarterly...
2023-05-25 8:30 AM EDT
Hemisphere Energy Announces 2022 Fourth Quarter and Record Year-End Financial and Operating Results
Vancouver, British Columbia--(Newsfile Corp. - April 20, 2023) - 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, 2022. 2022 Highlights Increased annual production to 2,828 boe/d (99% heavy oil), a 55% increase over 2021. Achieved record annual revenue...
2023-04-20 8:30 AM EDT
Hemisphere Energy Recognized as Top 50 TSX Venture Exchange Company
Vancouver, British Columbia--(Newsfile Corp. - February 21, 2023) - 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 second consecutive year. The 2023 TSXV 50 showcases the top 50 of over 1,700 TSXV issuers across five sectors: energy, mining, clean technology, life sciences, diversified industries, and technology. The ranking is an equal weighting...
2023-02-21 7:30 AM EST
Hemisphere Energy Grows Proved Reserve Value to $309 Million and Proved Net Asset Value to $2.92 per Fully Diluted Share
Vancouver, British Columbia--(Newsfile Corp. - February 16, 2023) - 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, 2022. In 2022, Hemisphere invested $18.4 million to drill 13 wells, implement a polymer-surfactant flood in the Upper Mannville F oil pool ("F pool"), upgrade facilities in Atlee Buffalo, purchase land and seismic,...
2023-02-16 8:00 AM EST
Hemisphere Energy Declares Dividend
Vancouver, British Columbia--(Newsfile Corp. - January 31, 2023) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to announce that its board of directors has approved a quarterly cash dividend of $0.025 per common share in accordance with the Company's variable dividend policy. The dividend will be paid February 21, 2023 to shareholders of record as of the close of business on February 10, 2023. The dividend is designated as an eligible dividend for income...
2023-01-31 9:00 AM EST
Hemisphere Energy Provides Operations Update and 2023 Corporate Guidance
Vancouver, British Columbia--(Newsfile Corp. - January 24, 2023) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to announce an update on its operations and provide corporate guidance for 2023.Corporate UpdateOver the past year Hemisphere has achieved a number of significant corporate milestones, including the elimination of bank debt, initiation of a quarterly dividend, start-up of a tertiary enhanced oil recovery scheme, and new record production levels. These financial and operational accomplishments in 2022 have set the...
2023-01-24 8:00 AM EST
Hemisphere Energy Named to 2023 OTCQX Best 50
Vancouver, British Columbia--(Newsfile Corp. - January 19, 2023) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to announce that it has been named to the 2023 OTCQX Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year. The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX market. The ranking is calculated based on an equal...
2023-01-19 2:34 PM EST
Hemisphere Energy Announces Drilling Program
Vancouver, British Columbia--(Newsfile Corp. - December 19, 2022) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to report that it has commenced a two-well drilling program in the Atlee Buffalo area of southeast Alberta.With service cost increases and labour shortages continuing to impact the industry, Hemisphere has taken advantage of an available rig at lower rates to accelerate its first quarter drilling program to December. While drilling operations are expected to be finished by year-end, the Atlee...
2022-12-19 4:30 PM EST
Hemisphere Energy Announces Third Quarter Results and Declares Dividend
Vancouver, British Columbia--(Newsfile Corp. - November 17, 2022) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") today reported its financial and operating results for the third quarter ended September 30, 2022, during which the Company recorded almost $24 million in revenue and its third highest ever adjusted funds flow from operations (AFF)1 of $10.6 million. Hemisphere also spent $4.6 million on drilling operations and facility improvements, paid off its bank debt, and distributed $2.6 million of dividends to its...
2022-11-17 8:00 AM EST
Hemisphere Energy Announces Tertiary Recovery Project Start-Up in Atlee Buffalo F Pool
Vancouver, British Columbia--(Newsfile Corp. - September 22, 2022) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to provide an update on its operations in Southern Alberta.Hemisphere completed construction of its new injection plant at the Atlee Buffalo F pool battery during the summer and moved into the early stages of tertiary recovery for the pool in August. Through the fourth quarter, the Company plans to expand its oil battery with the addition of a...
2022-09-22 8:00 AM EDT
Hemisphere Energy Announces Record Quarterly Results and Declares Dividend
Vancouver, British Columbia--(Newsfile Corp. - August 18, 2022) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") 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 (AFF)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....
2022-08-18 8:00 AM EDT
Hemisphere Energy Announces Normal Course Issuer Bid Renewal
Vancouver, British Columbia--(Newsfile Corp. - July 6, 2022) - 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 8,905,836 common shares ("Common Shares") of the Company, representing approximately ten percent (10%) of the current public float...
2022-07-06 6:00 PM EDT
Hemisphere Energy Announces AGM Results
Vancouver, British Columbia--(Newsfile Corp. - June 9, 2022) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") announces the results of its annual general meeting of shareholders (AGM) 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...
2022-06-09 7:00 PM EDT
Hemisphere Energy Announces Inaugural Variable Dividend, Renewed Credit Facility, Increased Guidance, and Operations Update
Vancouver, British Columbia--(Newsfile Corp. - June 7, 2022) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to provide an update on its renewed credit facility, operations, revised annual guidance, and return to shareholder plan.Credit FacilityHemisphere has completed the renewal of its extendible two year committed term facility with ATB Financial, providing for borrowings of up to $35,000,000 (the "Credit Facility"). As was announced with the latest quarterly financials, the Company exited the first quarter...
2022-06-07 8:00 AM EDT
Hemisphere Energy Announces Record First Quarter Results
Vancouver, British Columbia--(Newsfile Corp. - May 18, 2022) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") provides its financial and operating results for the first quarter ended March 31, 2022.Q1 2022 HighlightsProduced a record quarterly aver
2022-05-18 8:00 AM EDT