Hemisphere Energy Corp · TSXV:HME

Hemisphere Energy — Investor Presentation (September 2026)

24 slides from Hemisphere Energy's investor presentation, September 2026

  1. Slide 1: Disciplined Growth, Reliable Returns

    TSX-V: HME OTCQX: HMENF DISCIPLINED GROWTH RELIABLE RETURNS TSX-V: HME OTCQX: HMENF FALL 2026 www.hemisphereenergy.ca 1

  2. Slide 2: Hemisphere's Strategic Position

    Hemisphere’s Strategic Position: Focused on Maximizing Value, Per-Share-Growth, & TSX-V: HME Shareholder Returns OTCQX: HMENF CANADIAN OIL ASSETS STRONG BALANCE SHEET Long-life, High-value Debt free, Building cash, Low ARO SHAREHOLDER RETURNS Sustainable Base Quarterly Dividends Opportunistic Share

  3. Slide 3: Hemisphere: A Top Tier Canadian Junior

    Hemisphere: A Top Tier Canadian Junior TSX-V: HME OTCQX: HMENF Q2 2026 Corporate Production Company Snapshot 3,576 boe/d(3) (99% heavy oil) TSX-V (Canada) HME 54 Producing Wells ~70 boe/d per well OTCQX (USA) HMENF Share Price (TSX-V) $2.24 ALBERTA SASKATCHEWAN September 17, 2026 Basic Shares Outsta

  4. Slide 4: Operations Update

    In Recent News: OPERATIONS UPDATE(1) TSX-V: HME OTCQX: HMENF Atlee Buffalo, Alberta › Fire incident occurred at G pool facility on August 26th; up to ~2,650 boe/d (99% heavy oil) currently shut-in › No injuries occurred; facility damage was limited to three treaters, auxiliary equipment, and a porti

  5. Slide 5: Hemisphere's Timeline: Track Record and CAGR

    Hemisphere’s Timeline: Track Record and Compound Annual Growth Rate(1) TSX-V: HME OTCQX: HMENF Production boe/d / million FD shares(2) AFF(3), Working Capital(3), Dividends / FD share(2) 40 AFF Working Capital Dividends 35 19% CAGR over 5 years 0.55 AFF/sh 38% CAGR over 5 years 30 0.45 0.35 25 0.25

  6. Slide 6: Hemisphere's Financial Highlights: Q2 2026

    Hemisphere’s Financial Highlights: Q2 2026 TSX-V: HME OTCQX: HMENF Three Months Ended June 30, 2026 Six Months Ended June 30, 2026 Average Production (99% heavy oil) 3,576 boe/d 3,693 boe/d Revenue $33.6 million $103.18/boe $59.0 million $88.24/boe EBITDAX(1) $20.5 million $62.96/boe $35.8 million $

  7. Slide 7: Hemisphere's Value is in Our Long-Life Reserves

    Hemisphere’s Value is in Our Long-Life Reserves: Third-Party Evaluated Estimate of Future Cash Flow TSX-V: HME OTCQX: HMENF Significance of Reserve Reports Net Asset Value(4) 3-Consultant Average Price Forecast: 5-year 2026-2030 WTI price › Best way to compare a company’s assets and future cash flow

  8. Slide 8: Hemisphere's Cash Flow Engine

    Hemisphere’s Cash Flow Engine: Atlee Buffalo, Alberta TSX-V: HME OTCQX: HMENF Enhanced Oil Recovery Oil pools being developed with a polymer flood › Maximize resource recovery › Minimize decline rates ‘Cash-flow harvest’ mode › Proved reserves in Atlee F & G pools of over 10 million barrels ALBERTA

  9. Slide 9: Proven Method of Enhanced Oil Recovery: Polymer Flooding

    Hemisphere’s Proven Method of Enhanced Oil Recovery (EOR): Polymer Flooding TSX-V: HME OTCQX: HMENF Polymer flooding has been successfully used by oil companies all around the world since the 1950’s › Polymer is added to injection water to increase its viscosity (similar to olive oil) and reduce its

  10. Slide 10: When does polymer work?

    When does polymer work? With the right rock, oil quality, and play type TSX-V: HME OTCQX: HMENF Typical Reservoir Response INCREASE in oil production INCREASE in overall oil recovery DECREASE in production decline rate DECREASE in water production handling costs Polymer Flooding = More Oil → Faster

  11. Slide 11: What REALLY makes Hemisphere unique?

    What REALLY makes Hemisphere unique? Polymer Flood = Lower Decline = More Free Cash Flow(1) TSX-V: HME OTCQX: HMENF ‘Typical’ Oil & Gas Co: Treadmill style drilling Well Count with corporate production Boe/d Boe/d decline rates of 20% - 30% Average of estimated 2024 Canadian corporate decline rates(

  12. Slide 12: Hemisphere's Expansion

    Hemisphere’s Expansion: FUTURE PROSPECTS TSX-V: HME OTCQX: HMENF Marsden, Saskatchewan – New Wells On Production › Recently drilled two successful horizontal wells targeting the Colony Formation. › Three-week average production rate is ~100 bbl/d for each well (100% heavy oil). › With positive initi

  13. Slide 13: Returning to Hemisphere's Shareholders

    Returning to Hemisphere’s Shareholders: Dividends and Share Buybacks TSX-V: HME OTCQX: HMENF Quarterly Base Dividends Normal Course Issuer Bid Special Dividends Fully funded by free cash flow Strategic & opportunistic share buyback Additional returns when markets allow Inception: June 2022 Inception

  14. Slide 14: Why invest in Hemisphere? Built to Return Capital

    Why invest in Hemisphere? We’re Built to Return Capital TSX-V: HME OTCQX: HMENF High Free Cash Flow Yield › Low production decline rates › Low operating and capital costs › Long life, high netback returns No Debt, Positive Cash Position, and Low Decommissioning Costs › More cash flow to return to sh

  15. Slide 15: Disciplined Growth, Reliable Returns

    TSX-V: HME OTCQX: HMENF DISCIPLINED GROWTH RELIABLE RETURNS › Geographically Focused › Free Cash Flow for our Shareholders › Enhanced Oil Recovery - Polymer Flood › Continued Share Buybacks › Debt-free with Undrawn Credit Facility › Quarterly Base Dividends 15

  16. Slide 16: Don Simmons, President & CEO; Scott Koyich, Investor Relations

    TSX-V: HME OTCQX: HMENF Don Simmons, President & Chief Executive Officer Phone: (604) 638-6213 Email: simmons@hemisphereenergy.ca Scott Koyich, Investor Relations Phone: (403) 619-2200 TSX-V: HME Email: scott@briscocapital.com OTCQX: HMENF www.hemisphereenergy.ca 16

  17. Slide 17: Hemisphere's Operations: Proudly Canadian

    Hemisphere’s Operations: Proudly Canadian TSX-V: HME OTCQX: HMENF 17

  18. Slide 18: Leading the Team

    Appendix: Leading the Team TSX-V: HME OTCQX: HMENF MANAGEMENT BOARD OF DIRECTORS Don Simmons, P.Geol. Charlie O’Sullivan(2) B.Sc. Chairman President & Chief Executive Officer Over 25 years of experience technical, operational and management experience (Previously with Alberta Energy Company, Encana

  19. Slide 19: Independent Analyst Coverage

    Appendix: Independent Analyst Coverage TSX-V: HME OTCQX: HMENF Analyst Institution Email Amir Arif ATB Cormack Capital Markets aarif@atb.com Christopher Jones Haywood Capital Markets cjones@haywood.com Josef Schachter Schachter Energy Report josef@schachterenergyreport.ca Dan Steffens Energy Prospec

  20. Slide 20: Peters & Co. - Overview Table Corporate Declines

    Appendix: Peters & Co. - Overview Table Corporate Declines TSX-V: HME OTCQX: HMENF (1) Source: Peters & Co. Limited September 2023. Overview table with each of their coverage company’s estimated 2024 corporate decline rates. Note integrated companies and Canadian large producers assume an oilsands p

  21. Slide 21: Advisory Statements

    Advisory Statements TSX-V: HME OTCQX: HMENF Forward-Looking Information and Statements This presentation contains certain forward–looking information and statements within the meaning of There are a number of assumptions associated with the potential of resource in place volumes assigned to applicab

  22. Slide 22: Advisory Statements

    Advisory Statements TSX-V: HME OTCQX: HMENF Forward Looking Financial Information This presentation, including in respect of Company's guidance for 2026, may contain future oriented financial information ("FOFI") within the meaning of applicable securities laws. The FOFI has been “Working capital” i

  23. Slide 23: Advisory Statements

    Advisory Statements TSX-V: HME Supplementary financial measures OTCQX: HMENF Net Present Values This corporate presentation may contain certain supplementary financial measures. NI 52-112 defines a supplementary financial measure as a financial measure that: (i) is intended to be disclosed on a peri

  24. Slide 24: Don Simmons, President & CEO; Scott Koyich, Investor Relations

    TSX-V: HME OTCQX: HMENF Don Simmons, President & Chief Executive Officer Phone: (604) 638-6213 Email: simmons@hemisphereenergy.ca Scott Koyich, Investor Relations Phone: (403) 619-2200 TSX-V: HME Email: scott@briscocapital.com OTCQX: HMENF www.hemisphereenergy.ca 24

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