Brief: Hemisphere Energy Q2 Revenue Rises 32%

Hemisphere Energy

21/08/2019 12:56

Aug 21 (Reuters) - Hemisphere Energy Corp  HME.V :
    * HEMISPHERE ENERGY ANNOUNCES SECOND QUARTER 2019 FINANCIAL
AND
OPERATING RESULTS
    * Q2 REVENUE ROSE 32 PERCENT TO C$7.4 MILLION
    * QTRLY FFO PER SHARE $0.03
    * PLANS TO KEEP ITS 2019 CAPITAL EXPENDITURES WITHIN
CORPORATE
CASH FLOW
    * INCREASED AVERAGE QUARTERLY PRODUCTION BY 30% TO 1,367
BOE/D
(96% OIL), AS COMPARED TO THE SECOND QUARTER OF 2018.
    * HEMISPHERE SEES EXTRA FUNDS TO BE USED TO PURCHASE SHARES
UNDER
CO'S NORMAL COURSE ISSUER BID, FUND NEXT PHASE OF DEVELOPMENT
DRILLING, OR PAY DOWN DEBT

Source text for Eikon:  ID:nCNWHwGFxa 
Further company coverage:  HME.V 

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