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 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 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 | |
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