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Hemisphere Wraps Up Drilling 11-Well Program; Output Averaging 1,430 BOEPD

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Hemisphere Wraps Up Drilling 11-Well Program; Output Averaging 1,430 BOEPD

Hemisphere Energy has successfully completed the drilling component of its 11 well summer program, of which 10 wells will be produced and one well used as a water injector at this time.

Corporate production has averaged approximately 1430 boe/d (98% oil) during the week of September 8-14 as wells have gradually been turned on through the month.

The final two new wells are scheduled to be on production by the end of September, with pump speeds and oil rates expected to be further optimized at all of the Company’s wells into October.

 


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