Use the link below to sign up for the luncheon. Simply enter your name and email address before submitting and you will be registered for the event.
Tuesday, September 11
11:30 am to 1:00 pm
Total Seats: 30
Don Simmons, CEO of Hemisphere
Tuesday, September 11: Hemisphere Energy will be hosting our luncheon at The Doubletree Hotel -Campbell Center. Doors open at 11:00 am, Lunch is served at 11:30 am, Presentations begin at 12:00 pm. EPG Members and Guest can attend for FREE! SEATING IS LIMITED so please register early to reserve your seat.
Hemisphere Energy Corporation is a Canadian oil and gas company with production operations in Alberta. The company is focused on increasing oil production and reserves. Hemisphere’s experienced team is dedicated to creating shareholder value through executing strategic acquisitions and farm-ins that provide low-risk drilling opportunities. Hemisphere’s core operations are in the Jenner and Atlee Buffalo areas in southeast Alberta. Second quarter production was 1,053 boe/d (96% oil), a 76% increase over the second quarter of 2017. Since the end of the 2nd quarter, Hemisphere has increased production to over 1,250 boe/d.
Houston based Cibolo Energy Partners is a private equity fund that has committed the funding necessary to ramp up Hemisphere’s production in the Atlee Buffalo area. Atlee Buffalo was purchased by Hemisphere from Pengrowth at a reserve recovery of 5% of the original oil in place (“OOIP”). Hemisphere Energy management now estimates with their waterflood will optimize the asset to recover at 25% to 35% of the OOIP. From production to day of approximately 1,250 boepd. Hemisphere now has a runway to increase production towards the 3,000 boepd range, which is typically the monetization threshold for Canadian Juniors.
Title: EPG Member Services