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Hemisphere Energy announces 90 day results from its Atlee Buffalo G Pool Well and waterflood success at its Atlee Buffalo F Pool
Hemisphere Energy announces 90 day results from its Atlee Buffalo G Pool Well and waterflo...
About this update from Hemisphere Energy Corp
[{"type":"text","content":"\n\n\n\nHemisphere Energy announces 90 day results from its Atlee Buffalo G Pool Well and waterflood success at its Atlee Buffalo F Pool\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nHemisphere Energy announces 90 day results from its Atlee Buffalo G Pool Well and waterflood success at its Atlee Buffalo F Pool\nCanada NewsWire\nVANCOUVER, Nov. 23, 2016\n\n\n\nTSX-V: HME\n\n\n\nVANCOUVER, Nov. 23, 2016 /CNW/ - Hemisphere Energy Corporation (TSX-V: HME) (\"Hemisphere\" or the \"Company\") is pleased to announce the results of its summer Atlee Buffalo development well which has now been on production for over 90 days, and an update on overall corporate production which is currently at approximately 640 boe/d (91% oil).\n\nHemisphere's first horizontal well into the Atlee Buffalo Upper Mannville G pool, drilled in July 2016, has averaged just over 60 boe/d (100% oil) over its first three months online and has produced over 70 boe/d (100% oil) during the first half of November. The new well continues to show stable production rates, and management expects it to be capable of greater production in the future once a planned multi-well battery is constructed in conjunction with further development of the pool.  All oil production is currently being trucked directly to sales, eliminating the need for any third party processing.\n\nThe Company is extremely pleased with the results of this well which has performed above expectations at such an early stage in waterflood development of the pool. The success of this well demonstrates that the use of horizontal wells with slotted liners to control sand production, in combination with enhanced oil recovery through waterflood, are working to reinvigorate a pool th...