Hemisphere is a growing energy company We reimagine technical solutions to repurpose assets in the energy industry, building value and wealth from resources TSX-V: HME OTCQX: HMENF 2
The Hemisphere Strategy: Core Principles Simple Clean Profitable Unique One core area Minimal Low cost operations Active share with two oil pools decommissioning and high free funds buyback program liabilities flow yield Large…
Reserves: Third Party Audited Estimate of Future Cash Flow 2020 Year End Reserves(1) Proved + Probable (TPP) NPV10 BT / Reserves 211 MM / 14.9 Mmboe Proved (TP) NPV10 BT / Reserves 170 MM / 11.7 MMboe Proved Developed Producing…
Top-Tier Oil Resource: Best per Barrel Value of Reserves Value per Barrel of Reserves(1) (/boe) 20.00 HMEs value of reserves in all 18.00 categories is higher than any of its oil-weighted peers 16.00 14.00 12.00 10.00 8.00…
Exceptional Opportunity in the Market EV to Reserve Value(1) 3.5 3.0 Most peers are trading near or 2.5 above their TP valuation, while HME still trades well below it 2.0 1.5 1.0 0.5 0.0 HME EV/PDP EV/TP EV/TPP Peer group…
Debt Adjusted Reserve Value / Share (Sensitivity) / Basic Share(1) 3.50 3.30 Recall from previous slide that the majority of peers 3.00 are trading at or above 2.69 2.65 Total Proved valuations at 2.50 3-consultant price forecasts…
Q2 Results: Amongst Top of Peer Group Q2 Corporate Production 1,786 boe/d Q2 Revenue 10.1 million / 62.06/boe Q2 Operating Field Netback 6.4 million / 39.22/boe Q2 Operating Netback (incl Hedges) 5.6 million / 34.32/boe Q2 Adjusted…
US60/bbl WTI Guidance(1): Near Term Growth & Debt Repayment 2021 2022 Average Annual Production 1,900 boe/d 2,550 boe/d Exit Production 2,200 boe/d 3,000 boe/d Adjusted Funds Flow (AFF)(2) 19 million 30 million AFF per Basic…
High Free Funds Flow Yield and Production Growth: Pricing Sensitivities(1) WTI US50/bbl(2) WTI US60/bbl(3) WTI US70/bbl(4) 2021 2022 2021 2022 2021 2022 Exit Production boe/d 2,200 3,000 2,200 3,000 2,200 3,000 (5) Adjusted Funds…
Our Resource: Atlee Buffalo Core Area 2 Oil Pools 84 MMbbl total oil in place(1) 5% recovery to date between the pools (Atlee Buffalo Upper Mannville F and G pools) Low risk, highly lucrative EOR projects Hemispheres Atlee G Pool…
Development Plans 2021 Plans Convert G pool water flood to polymer flood Response expected by Q122 Drill 3 G pool wells Expand G pool facilities to handle increased oil production Before Polymer Evaluate and submit applications…
The Technical Advantage of Polymer Floods Tried and True Proven method of enhanced oil recovery (EOR) Polymer is added to injection water to increase its viscosity (similar to olive oil) Wall is built between water and oil to push…
An Exciting Change Polymer flooding is successfully used in hundreds of oil pools by companies around the world, including: Athabasca, Bankers Petroleum, Baytex, CNRL, BP, Caltex, Chevron, Enerplus, Hillcorp, Husky, IPC, Whitecap and…
Environmental Social Governance: Canadian Energy - Committed to the Highest Standards Stakeholder value is built when we take care of the environment Low decommissioning liabilities No surface/fresh water used in EOR operations…
Leadership MANAGEMENT BOARD OF DIRECTORS Don Simmons, P.Geol. Charlie OSullivan, B.Sc. Chairman President & Chief Executive Officer Over 20 years of experience technical, operational and management experience (Alberta Energy Company,…
The Hemisphere Story: Small Cap, Big Value REIMAGINE REPURPOSE RESOURCE Developing a simple, Breathing new life Maximizing recovery of clean asset of exceptional into used equipment and our top-quality oil pools profitability.…
Risk Management: Protecting Cash Flow Hedging Considerations Continually monitor WTI Oil and WCS Differential hedge pricing Layer in protection for up to 18 months Look for near term wellhead price protection and longer term…
Selected Crude Oil Pipelines Trans Mountain Edmonton, AB Vancouver, BC HME Head Office Atlee Buffalo Mainline Line 3 Replacement Keystone XL Express Superior, WI Casper, WY Keystone HME trucks to Tilley and sells to Montana…
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