Hemisphere Energy Corporation (V:HME)
Business Focus: Oil & Gas Exploration and Production (NEC)
Sunny as of April 01, 2024
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Insider Filings
Latest 10 SEDI filings for HME within the last 6 months
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Company News
Apr 18, 2024 08:00 ET
Hemisphere Energy Announces 2023 Fourth Quarter and Year-End Financial and Operating Results
Vancouver, British Columbia--(Newsfile Corp. - April 18, 2024) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to provide its financial and operating results for the fourth quarter and year ended December 31, 2023.
Mar 12, 2024 08:30 ET
Hemisphere Energy Grows Proved Reserve Value to $325 Million and Proved Net Asset Value to $3.18 per Fully Diluted Share
Vancouver, British Columbia--(Newsfile Corp. - March 12, 2024) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to announce highlights from its independent reserves evaluation (the "Reserve Report"), prepared by McDaniel & Associates Consultants Ltd. ("McDaniel") and effective as at December 31, 2023.
Valuation Ratios
Industry
Sector
Beta
2.08
--
--
Price to Sales - TTM
2.01
3.21
3.36
Price to Book - most recent quarter
2.90
1.40
1.77
Price to Cash Flow per share - TTM
5.12
4.91
5.97
Price to Free Cash Flow per share - TTM
11.90
17.76
17.93
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Apr 15, 2024 | 10,176 | -12,803 |
| Mar 31, 2024 | 22,979 | -1,791 |
| Mar 15, 2024 | 24,770 | -32,936 |
Business Summary
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
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.
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