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) 8.0 7.0 6.0 Most peers are trading near or above their TP valuation, while HME still trades well below it 5.0 4.0 3.0 2.0 1.0 0.0 HME EV/PDP EV/TP EV/TPP Peer…
Debt Adjusted Reserve Value / Share (Sensitivity) / Basic Share(1) 3.50 Recall from previous slide 3.21 that the majority of peers 3.00 are trading at or above 2.62 2.57 Total Proved valuations at 2.50 3-consultant price…
Q3 Results: Amongst Top of Peers Q3 Corporate Production 1,671 boe/d Q3 Revenue 10.4 million / 67.87/boe Q3 Operating Field Netback 6.0 million / 39.25/boe Q3 Operating Netback (incl Hedges) 5.1 million / 33.14/boe Q3 Adjusted Funds…
Revised 2021 Budget : Advancing 2022 projects Accelerate Spending Securing rig in very busy capex environment to drill up to 4 wells in Q421 Avoiding labour shortage and rising costs predicted in 2022 Ensuring earlier reserve and…
Guidance(1): Near Term Growth & Debt Repayment 2021Revised 2021 Previous 2022 Revised 2022 Previous Guidance Guidance Guidance Guidance Average Annual Production boe/d 1,800 1,900 2,550 2,550 Exit Production boe/d 2,200 2,200 3,000…
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 Polymer application for F pool…
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, Hilcorp, 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 floor…
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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