Hemisphere Energy Corporation (V:HME)
Business Focus: Oil & Gas Exploration and Production (NEC)
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| Company Contact | |
| Address: | Suite 501, 905 West Pender Street VANCOUVER BC V6C 1L6 |
| Tel: | N/A |
| Website: | https://www.hemisphereenergy.ca |
| 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 Chief Development Officer |
| Business Overview |
| Hemisphere Energy Corporation is a Canada-based oil company. The Company produces oil and natural gas from its Atlee Buffalo and Jenner properties in southeast Alberta. Atlee Buffalo is its core area, located approximately 85 kilometers north of Medicine Hat. The property has two oil pools, both producing under Enhanced Oil Recovery (EOR) schemes, that are fully delineated by vertical wells and defined by 3D seismic. The Jenner property is located 25 kilometers southwest of Atlee Buffalo. It also specializes in the development of conventional oil pools using enhanced oil recovery methods, such as waterflood and polymer flood to maximize production and oil recovery. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Hemisphere Energy Corp revenues decreased 13% to C$84.5M. Net income increased 14% to C$24.2M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income reflects Fair Value Adjustments on Other Assets decrease from C$6.8M (expense) to C$0K, Realized gain (loss) on derivative finan decrease from C$6.3M (expense) to C$274K (income). |
| Employees: | 8 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $167.14M as of Dec 31, 2023 |
| Annual revenue (TTM): | $84.47M as of Dec 31, 2023 |
| EBITDA (TTM): | $46.25M as of Dec 31, 2023 |
| Net annual income (TTM): | $24.20M as of Dec 31, 2023 |
| Free cash flow (TTM): | $14.29M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 97,951,239 as of Apr 15, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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