Hemisphere Energy (HMENF) Update - Nov 13
Posted: Sat Nov 13, 2021 2:32 pm
Hemisphere Energy (HME.V and HMENF in the US) will be announcing Q3 results next week and Don Simmons will be coming to Houston on November 30 to host our luncheons. I have gone over my forecast/valuation model and I've tweaked a few numbers, but my valuation remains $2.00US for HMENF.
You can view the forecast model directly from the EPG website. This one should be a double for us within six months.
Hemisphere has completed three new horizontal wells that will provide a nice production increase from Q3 to Q4.
Early in 2022 the Atlee Buffalo polymer flood should generate steady production growth in the G-Pool.
FCF in Q4 and Q1 2022 should payoff most of Hemisphere's outstanding debt.
Additional wells in G-Pool next summer and fall, fully funded by operating cash flow, should ramp up production to over 3,000 BOPD by this time next year.
If you live in the Houston area I recommend you attend our November 30th luncheon and you can invite a friend to join you for lunch for free. Getting better attendance will help me get more companies to host our luncheons.
You can view the forecast model directly from the EPG website. This one should be a double for us within six months.
Hemisphere has completed three new horizontal wells that will provide a nice production increase from Q3 to Q4.
Early in 2022 the Atlee Buffalo polymer flood should generate steady production growth in the G-Pool.
FCF in Q4 and Q1 2022 should payoff most of Hemisphere's outstanding debt.
Additional wells in G-Pool next summer and fall, fully funded by operating cash flow, should ramp up production to over 3,000 BOPD by this time next year.
If you live in the Houston area I recommend you attend our November 30th luncheon and you can invite a friend to join you for lunch for free. Getting better attendance will help me get more companies to host our luncheons.