Don Simmons, President and CEO of Hemisphere Energy (TSX.V:HME – OTCQB:HMENF) joins us to provide a big picture overview of the Company’s current operations, 2023 corporate guidance and growth plans.
For a quick 2022 recap we walk through the elimination of bank debt, initiation of a quarterly dividend, start-up of a tertiary enhanced oil recovery scheme, and new record production levels. Production has increased approximately 55% year-over-year to the current 3,200 boe/d level. We then discuss the $14million capital expenditures program planned for this year funded by an estimated $45million adjusted funds flow.
If you have any follow up questions for Don please email us at Fleck@kereport.com and Shad@kereport.com.
Click here to visit the Hemisphere Energy website to learn more about the Company.