|Bid||0.1500 x N/A|
|Ask||0.1650 x N/A|
|Day's Range||0.1500 - 0.1600|
|52 Week Range||0.0900 - 0.2000|
|Beta (3Y Monthly)||3.65|
|PE Ratio (TTM)||7.89|
|Earnings Date||Aug 21, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Today we'll evaluate Hemisphere Energy Corporation (CVE:HME) to determine whether it could have potential as an...
Vancouver, British Columbia--(Newsfile Corp. - October 2, 2019) - Hemisphere Energy Corporation (TSXV: HME) ("Hemisphere" or the "Company") 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 (97% oil). ...
VANCOUVER , Sept. 17, 2019 /CNW/ - Hemisphere Energy Corporation (HME.V) ("Hemisphere" or the "Company") is pleased to provide an operational and production update on its southern Alberta oil assets. This represents an increase of approximately 45% over second quarter production and is the direct result of new wells from Hemisphere's summer drilling program being brought onstream. Of the Company's 11 newly drilled wells, nine are now on production with the remaining two expected to be brought on production by the end of this week. The operational success of Hemisphere's waterflood project in the Upper Mannville G pool has been shown through the increase in reservoir pressure seen at new wells across the pool.
A look at the shareholders of Hemisphere Energy Corporation (CVE:HME) can tell us which group is most powerful...
VANCOUVER , Aug. 8, 2019 /CNW/ - Hemisphere Energy Corporation (HME.V) ("Hemisphere" or the "Company") is pleased to provide an operational update on its 2019 drilling program and field operations. Hemisphere is currently drilling the tenth horizontal well of its 2019 summer drilling program, with drilling operations for the first nine wells having progressed ahead of schedule and on budget. Facility upgrades to further expand the Atlee Buffalo G pool battery capacity are anticipated to be complete by the end of August 2019 in order to accommodate the additional production from the new wells.
VANCOUVER , June 27, 2019 /CNW/ - Hemisphere Energy Corporation (HME.V) ("Hemisphere" or the "Company") is pleased to announce that the TSX Venture Exchange (the "TSXV") has accepted the Company's Notice of Intention to make a Normal Course Issuer Bid (the "NCIB") to purchase for cancellation, from time to time, as Hemisphere considers advisable, up to 8,016,731 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 market through the facilities of the TSXV.
VANCOUVER , June 27, 2019 /CNW/ - Hemisphere Energy Corporation (HME.V) ("Hemisphere" or the "Company") is pleased to announce it has started operations for its 2019 drilling program. After posting record corporate revenue, production, and funds flow from operations for the first quarter, Hemisphere has now commenced its 2019 drilling program in southern Alberta with plans to drill up to 16 wells in the Atlee Buffalo area during the year. Hemisphere is committed to taking a measured approach to capital spending in 2019 as it balances annual growth in production, reserves and cash flow with commodity price volatility and corporate debt. The Company will continue to monitor oil and WCS differential pricing throughout the program and adjust drilling if required.
Hemisphere Energy Corporation (CVE:HME) shareholders should be happy to see the share price up 22% in the last...
Don Simmons became the CEO of Hemisphere Energy Corporation (CVE:HME) in 2008. First, this article will compare CEO...
During the first quarter of 2019, Hemisphere recovered from the low oil prices and wide Canadian oil price differentials that the oil and gas sector experienced in the fourth quarter of 2018 which allowed Hemisphere to bring back on production that was shut-in during the latter part of 2018. Hemisphere's average realized price of $51.85 /boe in the first quarter of 2019 is 128% higher than the fourth quarter of 2018 and is an increase of 18% over the same period in 2018. Hemisphere's low operating and transportation costs of $12.10 /boe, decreased royalties to $5.30 /boe, and lower general and administrative costs of $2.26 /boe lead to record funds flow from operations of $2.6 million .
Hemisphere Energy Doubles PDP Reserve Value to $68 Million (Discounted at 10%), and Increases 2P Reserve Value by 71% to $198 Million (Discounted at 10%)
In 2018, Hemisphere drilled a total of 14 horizontal wells in the Atlee Buffalo area, of which 11 were drilled as producers and three as injectors. The successful completion of this drilling program has significantly advanced the expansion of both Atlee Buffalo Upper Mannville F and G waterflood pools, and sets up an exciting follow-up program of what management believes to be low risk, low decline, and high quality drilling locations. These pools are still in early maturity with current recovery factors of under 5% of the Alberta Energy Regulator (AER) mapped oil in place. Analogue pools within two townships have reached up to 40% recovery factors when developed using similar enhanced oil recovery techniques.
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