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Hemisphere Energy Corporation: Hemisphere Energy Announces 2020 Fourth Quarter and Year-End Financial and Operating Results


Hemisphere Energy Corporation: Hemisphere Energy Announces 2020 Fourth Quarter and Year-End Financial and Operating Results
[DATELINE] Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ( Hemisphere or the Company ) is pleased to provide its financial and operating results for the fourth quarter and year ended December 31, 2020.
For Hemisphere, 2020 was a year of strengthening the balance sheet by cutting capital, reducing costs, maintaining year over year production rates, and paying down nearly 25% of its previously outstanding year-end debt.
Despite spending only $1.7 million in capital during the year, the Company grew its Proved and Proved plus Probable reserves by 18% and 22%, respectively. While oil prices were down substantially through much of 2020 due to COVID-19, Hemisphere achieved adjusted funds flow from operations of $9.3 million, or $0.11 per basic share. This allowed the Company to improve its leverage metrics, strategically execute its Norma ....

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Hemisphere Energy Announces 2020 Fourth Quarter and Year-End | The Kingston Whig Standard


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Vancouver, British Columbia–(Newsfile Corp. – April 28, 2021) –  Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) (“Hemisphere” or the “Company”) is pleased to provide its financial and operating results for the fourth quarter and year ended December 31, 2020.
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Hemisphere Energy Announces 2020 Fourth Quarter and Year-End Financial and Operating Results Back to video
For Hemisphere, 2020 was a year of strengthening the balance sheet by cutting capital, reducing costs, maintaining year over year production rates, and paying down nearly 25% of its previously outstanding year-end debt.
Despite spending only $1.7 million in capital during the year, the Company grew its Proved and Proved plus Probable reserves by 18% and 22%, respectively. While oil prices were down substantially through much of 2020 due to COVID-19, Hemisphere achieved adjusted ....

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Altura Announces Fourth Quarter and Year End 2020 Results and Reserves


Altura Announces Fourth Quarter and Year End 2020 Results and Reserves
April 16, 2021 EnergyNow Media
CALGARY, AB, April 15, 2021 /CNW/ – Altura Energy Inc. (“Altura” or the “Company”) (TSXV: ATU) is pleased to announce its financial and operating results for the fourth quarter and year ended December 31, 2020 and the independent evaluation of the Company’s oil and natural gas reserves (the “McDaniel Report”), effective December 31, 2020, as prepared by McDaniel and Associates Consultants Ltd. (“McDaniel”). The audited consolidated financial statements and related management’s discussion and analysis (“MD&A”) for the year ended December 31, 2020 are available on SEDAR at www.sedar.com and on Altura’s website at www.alturaenergy.ca. Selected financial and operating information for the fourth quarter and year ended December 31, 2020 appear below and should be read in conjunction with the related financial s ....

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