Bullboard - Stock Discussion Forum Hemisphere Energy Corp V.HME

Alternate Symbol(s): HMENF

Energy Oil & Gas E&P

Hemisphere Energy Corporation is a Canada-based oil company. The Company produces oil and natural gas from its Atlee Buffalo and Jenner properties in southeast Alberta. Atlee Buffalo is its core area, located approximately 85 kilometers north of Medicine Hat. The property has two oil pools, both producing under Enhanced Oil Recovery (EOR) schemes, that are fully delineated by vertical wells and... see more

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Hemisphere Energy Corp > Hme valuation

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Post by EagleHasLanded on Apr 17, 2024 9:43am

Hme valuation

I3 energy today reported sale of royalties acres.
the numbers:

Accelerating and Unlocking Value: Realization of USD 24.81 million in gross proceeds from the sale of an estimated 388 barrels of oil equivalent per day ("boe/d")⁽²⁾, translates to 6.9 times 2024 forecasted cash flow and approximately USD 63,960 per flowing boe/d, which represents a significant premium to the Company's current market valuations.

this equates to $217 million for hme's 3400 acres. Divided to 105.5 million shares that is $2 per share, so now we have a simplified valuation by the market. Hme is cheap!