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.
We seek Safe Harbor.
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