Our original host company (Cell Cube Energy Storage) had to reschedule, so I had to find a new host for our September luncheons.
September 10th in Houston
September 11th in Dallas\
Hemisphere Energy (TSXV: HME) is now hosting and Don Simmons, CEO will be speaking.
"Hemisphere Energy Corporation is a Canadian oil and gas company with production operations in Alberta. The company is focused on increasing oil production and reserves. Hemisphere's experienced team is dedicated to creating shareholder value through executing strategic acquisitions and farm-ins that provide low-risk drilling opportunities. Hemisphere's core operations are in the Jenner and Atlee Buffalo areas in southeast Alberta. Second quarter production was 1,053 boe/d (96% oil), a 76% increase over the second quarter of 2017. Since the end of the 2nd quarter, Hemisphere has increased production to over 1,250 boe/d."
Hemisphere has secured a new financial partner that is going to help them accelerate their growth. It now looks like they have a clear path to over 2,000 boe per day of production within a year and lots of running room within their acreage blocks. I have known Don Simmons for several years. He has a solid team.
We will send out more details on the luncheon next week.
Change of Luncheon Host Company for Sept 10 & 11
Change of Luncheon Host Company for Sept 10 & 11
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Change of Luncheon Host Company for Sept 10 & 11
Hemisphere Energy Website: https://www.hemisphereenergy.ca/
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Change of Luncheon Host Company for Sept 10 & 11
Hemisphere Energy Corp. (TSX-V: HME) (OTCQB: HMENF)
Note below was received today from Scott Koyich, an EPG member in Calgary. For those of you that are EPG Founding Member, you may recall that Scott brought us TransGlobe Energy (TGA), which went from $0.33/share to over $10.00/share.
"Houston based Cibolo Energy Partners is the private equity fund that has committed the funding necessary to ramp up Hemisphere's production in the Atlee Buffalo area. Atlee Buffalo was purchased from Pengrowth at a reserve recovery of 5% OOIP. Hemisphere Energy management guesstimates with their instituted waterflood that they can optimize the asset to recover approximately 25-35 percent of the original oil in place ("OOIP"). Currently Hemisphere Energy is producing approximately 1,250 boepd. They now have a runway to increase production towards the 3,000 boepd range, which is typically the monetization threshold for Canadian Juniors."
I have known Scott for almost 20 years.
Note below was received today from Scott Koyich, an EPG member in Calgary. For those of you that are EPG Founding Member, you may recall that Scott brought us TransGlobe Energy (TGA), which went from $0.33/share to over $10.00/share.
"Houston based Cibolo Energy Partners is the private equity fund that has committed the funding necessary to ramp up Hemisphere's production in the Atlee Buffalo area. Atlee Buffalo was purchased from Pengrowth at a reserve recovery of 5% OOIP. Hemisphere Energy management guesstimates with their instituted waterflood that they can optimize the asset to recover approximately 25-35 percent of the original oil in place ("OOIP"). Currently Hemisphere Energy is producing approximately 1,250 boepd. They now have a runway to increase production towards the 3,000 boepd range, which is typically the monetization threshold for Canadian Juniors."
I have known Scott for almost 20 years.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group