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Hemisphere Energy Corporation (V:HME)

Business Focus: Oil & Gas Exploration and Production

Sector:  Energy Industry:  Oil & Gas Exploration and Production
See Regulatory Filings on SEDAR
Company Contact
Address: Suite 501, 905 West Pender Street
Tel: N/A
IR: See website
Key People
Charles N. O'Sullivan
Chairman of the Board
Don J. Simmons
President, Chief Executive Officer, Director
Dorlyn Robert Evancic
Chief Financial Officer
Ian Duncan
Chief Operating Officer
Andrew Arthur
Vice President - Exploration
Ashley Ramsden-Wood
Vice President - Engineering
Business Overview
Hemisphere Energy Corporation produces oil and natural gas from its Jenner and Atlee Buffalo properties in southeast Alberta. The Company's principal business is the acquisition, exploration, development and production of petroleum and natural gas interests in Canada. Its oil and gas properties are located in Alberta and British Columbia. Jenner is located approximately 100 kilometers northwest of Medicine Hat. The property has over eight oil pools and approximately 30 identified locations. There are over two, Company-owned-and-operated, oil processing and water disposal facilities in Jenner. The Company holds an interest in over 20,600 gross acres of undeveloped land in the Jenner area. Atlee Buffalo is located approximately 20 kilometers northeast of Jenner. The property has over two oil pools delineated by vertical wells and approximately 60 low risk drilling locations identified. It holds an interest in over 4,480 gross acres of undeveloped land in the Atlee Buffalo area.
Financial Overview
For the nine months ended 30 September 2020,Hemisphere Energy Corp revenues decreased 40% to C$13.3M.Net income applicable to common stockholders decreased 91%to C$408K. Revenues reflect a decrease in demand for theCompany's products and services due to unfavorable marketconditions. Net income also reflects Foreign exchange gain(loss) decrease from C$1.7M (income) to C$966K (expense).
Employees: 11 as of Dec 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: $67.10M as of Sep 30, 2020
Annual revenue (TTM): $22.78M as of Sep 30, 2020
EBITDA (TTM): $10.64M as of Sep 30, 2020
Net annual income (TTM): -$2.14M as of Sep 30, 2020
Free cash flow (TTM): $8.79M as of Sep 30, 2020
Net Debt Last Fiscal Year: $27.44M as of Sep 30, 2020
Shares outstanding: 86,782,302 as of Dec 29, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization