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Hemisphere Energy Details 1Q 2014 Financial Results

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May 22, 2014

On May 22, Hemisphere Energy Corp. (TSXV: HME.V) detailed its financial and operating results for first-quarter 2014, which ended March 31.

The net income for the quarter was C$847,909, or one cent per share, Hemisphere said.

Hemisphere had about $3.6 milion in petroleum and natural gas revenue, up from first-quarter 2013’s roughly $2 million, the company said.

The company’s capex had increased to about $4.4 million, up from nearly $1.6 million in first-quarter 2013, Hemisphere said. These amounts included acquisitions, Hemisphere noted.

The company had net debt of about $9.5 ...

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