Quarterly / Earnings Reports
Hemisphere Touts 117% Growth in Oil, NGL Production
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Hemisphere Energy Corporation has reported its financial and operating results for the ten months ended December 31, 2012.
As a result of changing the fiscal year-end from February 28 to December 31, Hemisphere's current reporting period is for the ten months ended December 31, 2012 with comparatives to the twelve months ended February 29, 2012.
All amounts are expressed in Canadian dollars.
Highlights:(10 months ended December 31, 2012 compared to 12 months ended February 29, 2012)
Increased average production by 117% to 408 boe/d (93% oil and NGL). Increased petroleum and natural gas revenue by 72% to $7.9 million. Increased funds flow from operating activities by 66% to $3.3 million or $0.06 per share. Increased Proved reserves by 90% to 812.3 Mboe (91% oil). Increased Proved plus…- ✓ Full news archive — U.S., Canada & international coverage
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