Hemisphere Energy Announces Third Quarter 2013 Results
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 11/19/13 -- Hemisphere Energy Corporation (TSX VENTURE: HME) ("Hemisphere") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2013.
Q3 2013 Highlights
Subsequent Achievements
Selected financial and operational highlights should be read in conjunction with Hemisphere's unaudited condensed interim Financial Statements and related Management's Discussion and Analysis for the three and nine months ended September 30, 2013. These reports are available on SEDAR at and on Hemisphere's website at . As a result of changing the fiscal year-end from February 28 to December 31, the three and nine months ended September 30, 2013 are compared to the three and nine months ended August 31, 2012, respectively, and may not provide accurate comparisons due to year-end adjustments. All amounts are expressed in Canadian dollars.
Financial and Operating Summary
About Hemisphere Energy Corporation
Hemisphere is an oil and gas, exploration and production company focused on developing core areas that provide low to medium risk drilling opportunities to increase production, reserves and cash flow. Hemisphere's continued growth plan is through drilling existing prospects and executing strategic acquisitions and farm-ins. Hemisphere trades on the TSX Venture Exchange as a Tier 1 issuer under the symbol "HME".
Forward-looking Statements
This news release contains "forward-looking statements" that are based on Hemisphere's current expectations, estimates, forecasts and projections. These forward-looking statements include statements regarding Hemisphere's outlook for our future operations, plans and timing for the commencement or advancement of exploration and development activities on our properties, and other expectations, intention and plans that are not historical fact. The words "estimates", "projects", "expects", "intends", "believes", "plans", or their negatives or other comparable words and phrases are intended to identify forward-looking statements. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Many of these factors are beyond the control of Hemisphere. Consequently, all forward-looking statements made in this news release are qualified by this cautionary statement and there can be no assurance that actual results or developments anticipated by Hemisphere will be realized. For the reasons set forth above, investors should not place undue reliance on such forward-looking statements. Hemisphere disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.
A barrel of oil equivalent ("boe") may be misleading, particularly if used in isolation. A boe conversion ratio of 6 Mcf:1 Bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.
Definitions and abbreviations
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Contacts:
Don Simmons, President & Chief Executive Officer
Telephone: (604) 685-9255
Email:
Website:
Scott Koyich, Investor Relations
Telephone: (403) 619-2200
Email:
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 19.11.2013 - 14:00 Uhr
Sprache: Deutsch
News-ID 318169
Anzahl Zeichen: 10436
contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Oil & Gas
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