Reserves: Third Party Audited Estimate of Future Cash Flow 2021 Year End Reserves(1) Proved + Probable (2P) NPV10 BT / Reserves 351 million / 15.7 MMboe Proved (1P) NPV10 BT / Reserves 276 million / 12.0 MMboe Proved Developed…
Top-Tier Oil Resource: Best per Barrel Value of Reserves (1) Value per Barrel of Reserves (/boe) 30.00 HMEs reserves are exceptionally valuable because: HMEs value of reserves in all Simple, clean asset base with few 25.00…
Exceptional Opportunity in the Market: Enterprise Value vs Reserve Value (1) At a ratio of 1, a company is trading at its reserve value in that category 3.0 2.5 Most peers trade above PDP 2.0 values with many above TP values,…
Net Asset Value / Share (1) / FULLY DILUTED Share 6.00 Many peers are trading at or above We are now in YE21 Total Proved valuations at a 100 WTI 3-consultant price forecasts environment 5.00 4.82 4.00 3.83 3.72 3.16 2.93…
2021 Year-end Q4 Results(1): Where do we rank Q4 Corporate Production 2,164 boe/d Q4 Revenue 14.7 million / 73.99/boe Q4 Operating Field Netback 9.2 million / 46.43/boe Q4 Adjusted Funds Flow (AFF) 6.2 million / 30.98/boe Q4 Capital…
Where are we going: 2022 Guidance at 75 WTI (1,2) Average Annual Production 2,600 boe/d Exit Production 3,000 boe/d Adjusted funds flow (AFF) 37 million AFF per Basic Share(3) 0.39/sh Capital Expenditures 9 million Free…
Our Resource: Atlee Buffalo Core Area Two Conventional oil pools with high oil-in-place and low recovery factors Exceptionally high quality reservoirs (Upper Mannville F & G pools) Oil pools delineated by vertical wells and 3D…
Development Plans 2021 Achievements Drilled 7 Atlee Buffalo wells Implemented polymer flood in G pool Expanded G pool facilities for production growth Hemispheres Atlee G Pool Top reservoir structure 2022 Plans Bring…
The Technical Advantage of Polymer Floods Polymer flooding is successfully used in hundreds of oil pools by companies around the world. Proven method of enhanced oil recovery (EOR) Polymer is added to injection water to increase its…
Environmental Social Governance: Canadian Energy - Committed to the Highest Standards Stakeholder value is built when we take care of the environment Utilize EOR techniques to maximize recovery of oil from existing wells and…
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: mall Cap, Big Value REIMAGINE RESOURCE RECOVERY Developing conventional oil, Low decline, long life, Maximizing oil recovery generating free cash flow, high- value reserves. using proven technology. and…
Risk Management: Protecting Cash Flow Hedging Considerations Continually monitor WTI Oil and WCS Differential hedge pricing Layer in protection for up to 12 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…