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Athabasca Oil Corporation Announces 2021 Second Quarter

(1)   Refer to the “Reader Advisory” section within this news release for additional information on Non-GAAP Financial Measures and production disclosure.
(2)   Includes realized commodity risk management loss of $17.8 million and $38.9 million for the three and six months ended June 30, 2021 (three and six months ended June 30, 2020 - $24.4 million and $45.9 million gains).
(3)   Includes available credit under Athabasca’s Credit Facility and Unsecured Letter of Credit Facility (see page 14 of the Company’s Q2 MD&A).
(4)   The face value of the 2022 Notes is US$450 million. The 2022 Notes were translated into Canadian dollars at the June 30, 2021 exchange rate of US$1.00 = C$1.2394 (December 31, 2020 – C$1.2732).
Operations Update ....

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Hemisphere Energy Corporation: Hemisphere Energy Announces Start-Up of Polymer Injection in Atlee Buffalo

Hemisphere Energy Corporation: Hemisphere Energy Announces Start-Up of Polymer Injection in Atlee Buffalo
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Orca Announces Updated Independent Natural Gas Resource

Orca or the
Company ) announces its updated independent natural gas resource assessment report with an effective date of March 31, 2021 (the “
Resource Report”). All references to contingent resources and prospective resources in this press release refer to contingent conventional natural gas resources and prospective conventional natural gas resources , and all references to natural gas in this press release refer to conventional natural gas as defined in National Instrument 51-101 –
Standards of Disclosure for Oil and Gas Activities (
NI 51-101 ).
The Resource Report was prepared by McDaniel & Associates Consultants Ltd. (“
McDaniel”) in accordance with the definitions, standards and procedures contained in the Canadian Oil and Gas Evaluation Handbook (the ....

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i3 Energy PLC Announces i3 Canada Ltd YE 2020 Reserves

i3 Energy PLC Announces i3 Canada Ltd YE 2020 Reserves
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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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