Energy Prospectus

Goal Capital has invited all EPG members in the Dallas area to lunch on Tuesday. HMENF is one of my Top Picks in our Small-Cap Growth Portfolio. What I heard today from Don Simmons should double the share price in six months.
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We are hosting a luncheon for a very compelling oil production company, Hemisphere Energy Corp . I hope that some of the EPG members can make it.
Thanks,
Danny Gravelle, Goal Capital Inc.

Be Our Guest at the Hemisphere Energy Corp (V.HME: TSX) ( HMENF : OTCQB) Luncheon in Dallas:

Tuesday, November 29, 2022 @ NOON
@ Ocean Prime. 2101 Cedar Springs Rd. Suite 150, Dallas, TX 75201

Presenter: CEO Don Simmons, CEO of Hemisphere Energy

RSVP Danny Gravelle

email: goalcapitalllc@gmail.com Cell 916-934-6898

About Hemisphere Energy Corporation

Hemisphere is a Canadian oil company focused on maximizing shareholder value through the development and operation of its high netback, low decline, long-life conventional heavy oil assets. The Company generates significant free cash flow that allows it to return capital to shareholders through both a variable dividend and Normal Course Issuer Bid ("NCIB") program. Hemisphere trades on the TSX Venture Exchange as a Tier 1 issuer under the symbol "HME" and on the OTCQX Venture Marketplace under the symbol "HMENF".

Unfortunately, wasn't able to make the luncheon as planned as I had to cover things coming out of the holiday.

Can you elaborate on the high points from the meeting? Anything new?

Thanks
Scott

Notes taken from yesterday's luncheon hosted by Hemisphere.
> The company has paid of all of its interest-bearing debt. Trade payables are the only real debt now.
> Free cash flow will be piling up in the bank since dividends are only 30% of FCF.
> Several more wells will be completed in Q4, but very cold weather has caused some delays. Exit rate of 3300 Boepd pushed back into January.
> 2023 drilling program likely 6-8 new wells.
> He told me that my forecasts of 3500 Boepd in 2023 and 4,000 Boepd in 2024 are realistic. They have 12-14 more HZ drilling locations within Atlee Buffalo.
> They don't want to overbuild the production facilities, so their plan is to get Atlee Buffalo up to ~4,000 Boepd and hold it there for many years.
> Don has been and will continue to look at acquisition opportunities, but only if they are accretive and have significant development upside.
> Base dividend will stay the same, but an annual "Special Dividend" if they don't make an acquisition is a possibility.
> Large shareholders really like the stock buyback program.
> One of the recent wells tested another zone. It should be completed in January.