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Hemisphere Energy Corp V.HME

Alternate Symbol(s):  HMENF

Hemisphere Energy Corporation is a Canadian oil company. The Company is focused on conventional heavy oil assets through polymer flood enhanced recovery methods. Its principal business is the acquisition, exploration, development and production of petroleum and natural gas interests in Canada. It specializes in the development of conventional oil pools using polymer flood enhanced oil recovery to maximize production and oil recovery. Its oil assets are in southeast Alberta, Canada. Buffalo is its core area, located approximately 85 kilometers north of Medicine Hat. The property has three oil pools, both producing under Enhanced Oil Recovery (EOR) schemes, that are fully delineated by vertical wells and defined by three-dimensional (3D) seismic. Its wholly owned subsidiary is Hemi Energy Inc.


TSXV:HME - Post by User

Bullboard Posts
Post by mike49on Aug 26, 2018 2:47pm
120 Views
Post# 28519176

Playing with the numbers

Playing with the numbersJust a general observation.....
Even tho the mark to market loss on hedges is non cash,they still play a roll in one's accounting and can mess with your debt covenants.and hme is hedged.only option now is to get ahead of it with drill drill drill but 2 in 5 wells are going to be injectors.
what happened to plain English?
This one will be interesting at tax loss time.
Not trying to poke any holders here in the nose.
Hope it works out

Bullboard Posts