21:30:12 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Hemisphere Energy Corp
Symbol HME
Shares Issued 75,053,498
Close 2014-07-23 C$ 0.70
Market Cap C$ 52,537,449
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Hemisphere closes acquisition of Atlee Buffalo leases

2014-07-23 19:25 ET - News Release

Mr. Don Simmons reports

HEMISPHERE ENERGY CLOSES ATLEE BUFFALO ACQUISITION AND COMPLETES 5 WELL SUMMER DRILL PROGRAM

Hemisphere Energy Corp. has closed the acquisition of certain petroleum and natural gas leases in the Atlee Buffalo area of southeast Alberta. The property includes an 85-per-cent working interest in 1.75 sections (1,120 acres) of land adjacent to Hemisphere's existing land base. Total consideration for the acquisition was $510,000.

The company also announces that it has successfully drilled the five development horizontal wells of its summer drilling program in the Atlee Buffalo area of southeast Alberta. All five wells are undergoing completion and tie-in operations, and production results will be announced as they become available.

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