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Hemisphere Energy Provides an Operations Update on Its Atlee Buffalo Polymer Project

Hemisphere Energy Corporation: Hemisphere Energy Announces 2020 Fourth Quarter and Year-End Financial and Operating Results

Hemisphere Energy Corporation: Hemisphere Energy Announces 2020 Fourth Quarter and Year-End Financial and Operating Results [DATELINE] 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, 2020. For Hemisphere, 2020 was a year of strengthening the balance sheet by cutting capital, reducing costs, maintaining year over year production rates, and paying down nearly 25% of its previously outstanding year-end debt. Despite spending only $1.7 million in capital during the year, the Company grew its Proved and Proved plus Probable reserves by 18% and 22%, respectively. While oil prices were down substantially through much of 2020 due to COVID-19, Hemisphere achieved adjusted funds flow from operations of $9.3 million, or $0.11 per basic share. This allowed the Company to improve its leverage metrics, strategically execute its Normal Course Iss

Hemisphere Energy Announces 2020 Fourth Quarter and Year-End Financial and Operating Results

Hemisphere Energy Announces 2020 Fourth Quarter and Year-End | The Kingston Whig Standard

Article content Vancouver, British Columbia–(Newsfile Corp. – April 28, 2021) –  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, 2020. We apologize, but this video has failed to load. Try refreshing your browser. Hemisphere Energy Announces 2020 Fourth Quarter and Year-End Financial and Operating Results Back to video For Hemisphere, 2020 was a year of strengthening the balance sheet by cutting capital, reducing costs, maintaining year over year production rates, and paying down nearly 25% of its previously outstanding year-end debt. Despite spending only $1.7 million in capital during the year, the Company grew its Proved and Proved plus Probable reserves by 18% and 22%, respectively. While oil prices were down substantially through much of 2020 due to COVID-19, Hemisphere achieved adjusted funds flow from oper

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