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Hemisphere Energy Corporation

TSX-V:HMELive AI agent

Hemisphere Energy is focused on resource recovery and production growth through low-cost operations in the oil and gas sector.

Investor website: https://www.hemisphereenergy.ca/

About

Hemisphere Energy is focused on resource recovery and production growth through low-cost operations in the oil and gas sector. The company emphasizes sustainable practices and aims to deliver value to its stakeholders.

Verified company data

Cash position
$10,966,000
Shares outstanding
94,626,702
Fully diluted shares
99,724,302
Mineral resource
Approximately 205,000 Mcf of proven plus probable reserves (independently engineered, effective December 31, 2008)
Projects
["Hemisphere's pilot EOR project in the Marsden area of western Saskatchewan. The Company drilled 5 wells (3 production wells and 2 injection wells) and built facilities required to produce oil and inject polymer back into a known accumulation of oil that had been previously produced with vertical wells and abandoned, with the plans of rebuilding reservoir pressure and increasing the recovery factor of the oil-in-place from the pool. First injection commenced late in the third quarter of 2024 and Hemisphere is anticipating to see potential EOR response in mid-to-late 2025."]
Leadership
Don Simmons (President and Chief Executive Officer, Mr. Simmons has extensive experience in petroleum geology and a proven track record of discovering oil and gas in Western Canada and internationally. He became President and Chief Executive Officer in February 2008.), Ian Duncan (Chief Operating Officer, Mr. Duncan is a professional engineer with a range of experience in many different areas within the oil and gas industry, including drilling, production and facility operations. He joined Hemisphere in January 2011.), Dorlyn Evancic (Chief Financial Officer, Mr. Evancic has over 25 years of experience in corporate finance and management which includes senior executive positions in a number of public corporations. He has served as Hemisphere’s Chief Financial Officer since July 2007.), Ashley Ramsden-Wood (Chief Development Officer, Ms. Ramsden-Wood is a professional engineer with over 20 years of industry experience. She brings extensive knowledge of subsurface reservoir evaluation, capital planning and implementation, reserves, A&D evaluations, strategic planning, and financial performance analysis.), Andrew Arthur (Vice President, Exploration, Mr. Arthur has over 32 years of both domestic and international oil and gas industry experience. He began consulting for Hemisphere in January 2012 and was appointed Vice President, Exploration in July 2012.

Verified data last updated:

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