Hemisphere Energy Corp
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Donald J. Simmons
- Full Time Employees
- 23
- Sector
- Energy minerals
- Industry
- Oil & gas production
- Address
- 905 West Pender Street Vancouver BC Canada V6C 1L6
- IPO Date
- May 22, 1981
- Website
- hemisphereenergy.ca
- Similar Companies
- Business
- Hemisphere Energy Corporation is a Canadian oil and gas company focused on the acquisition, exploration, development, and production of petroleum and natural gas properties, primarily conventional heavy oil assets in southeast Alberta using polymer flood enhanced oil recovery methods; core properties include the 100% owned Atlee Buffalo area, approximately 85 kilometers north of Medicine Hat with three delineated oil pools supported by 3D seismic and vertical wells, and the Jenner area; operations emphasize low-cost production, waterflood, and polymer flood techniques to maximize recovery from low-decline reservoirs. The company, founded in 1977 and headquartered in Vancouver, British Columbia, trades on the TSX Venture Exchange under the ticker HME.V as a Tier 1 issuer and on the OTCQX under HMENF; it maintains a wholly owned subsidiary, Hemi Energy Inc., and in 2024 restructured by forming two general partnerships under Alberta law, Hemi Energy Partnership holding substantially all producing assets and Hemi Energy Partnership II for future holdings. Recent developments include achieving 10% annual production growth to around 3,621 boe/d (99% heavy oil) in Q3 2024 with an 18% quarterly increase, executing a $22 million capital program that grew proved developed producing reserves by 13% and added infrastructure including a polymer pilot project, returning over $0.22 per share ($21.2 million) to shareholders via dividends, renewing its credit facility, increasing year-end working capital, and planning a late 2025 third-quarter drilling program with development wells at Atlee Buffalo plus exploration at Marsden targeting a second oil zone adjacent to treating facilities.
Company News
Hemisphere Energy Provides Operations Update
Hemisphere Energy Provides Further Update on Atlee Buffalo Operations
Hemisphere Energy Responds to Incident at Atlee Buffalo Oil Battery
Hemisphere Energy Declares Quarterly Dividend, Announces 2026 Second Quarter Results, and Provides Operations Update
Hemisphere Energy: Still Attractive, But $100 WTI Is No Longer The Base Case
Hemisphere Energy Announces Normal Course Issuer Bid Renewal
Hemisphere Energy Announces Results from Annual General and Special Meeting of Shareholders
Hemisphere Energy: Higher Oil Prices Turn The Dividend Story More Attractive
Hemisphere Energy Declares Quarterly Dividend, Announces 2026 First Quarter Results and Provides Guidance Update
Hemisphere Energy Declares Special Dividend and Announces 2025 Fourth Quarter and Year-End Financial and Operating Results
Hemisphere Energy Declares Special Dividend and Announces 2025 Year-end Reserves
Hemisphere Energy: The 'No Drama' Stock In Your Retirement Portfolio
Hemisphere Energy Declares Quarterly Dividend, Announces 2026 Guidance, and Provides Corporate Update
Hemisphere Energy Grants Incentive Restricted Share Units and Stock Options
Hemisphere Energy Announces 2025 Third Quarter Results, Declares Quarterly Dividend, and Provides Operations Update
Hemisphere Energy: Strong Balance Sheet, Weak Oil Environment
A Dividend Investor's Dream Stock: Hemisphere Energy
Hemisphere Energy Announces 2025 Second Quarter Results, Declares Quarterly Dividend, and Provides Operations Update
Hemisphere Energy Declares Special Dividend
Hemisphere Energy Announces Normal Course Issuer Bid Renewal