Operational Updates
Hemisphere Ramps Up Revenue, Production in Q3
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Hemisphere Energy Corporation has reported its operating results for the three and six months ended August 31, 2012. All amounts are expressed in Canadian dollars.
Achievements and Highlights
Increased petroleum and natural gas revenue for the first six months to $4,450,803 compared to $553,389 in the same period last year. Increased funds flow from operating activities for the six months of the fiscal year to $1,892,118 ($0.04/share) compared to a shortfall of $91,130 ($0.00/share) in the same period last year. Increased second quarter average production 417% to 367 barrels of oil equivalent per day (“boe/d”) from 71 boe/d in the same quarter last year. Increased second quarter production of oil and natural gas liquids (“NGL”) weighting to 92% from 49% in the previous year’s second…- ✓ Full news archive — U.S., Canada & international coverage
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