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Hemisphere Shows Excitement for Atlee Buffalo Development
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Hemisphere Energy Corporation has announced its financial and operating results for the twelve months ended December 31, 2013.
As a result of changing the Company's fiscal year-end from February 28 to December 31, Hemisphere's current reporting period is for the twelve months ended December 31, 2013 with comparatives to the ten months ended December 31, 2012.
Financial Highlights Achieved record average production of 463 boe/d (83% oil and NGL) Increased petroleum and natural gas revenue by 34% to $10.6 million. Achieved record funds flow from operating activities of $3.8 million or $0.07 per share. Increased Proved reserves by 57% to 1,272.8 Mboe (90% oil & liquids). Increased Proved plus Probable reserves by 64% to 2,073.7 Mboe (89% oil & liquids). Increased revolving credit facility…- ✓ Full news archive — U.S., Canada & international coverage
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