Hemisphere Energy Corporation
TSX VENTURE : HME

Hemisphere Energy Corporation

May 26, 2011 14:00 ET

Hemisphere Energy Announces Appointment of Vice-President of Engineering and Granting of Incentive Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 26, 2011) - Hemisphere Energy Corporation (TSX VENTURE:HME) is pleased to announce the appointment of Ian Duncan, P.Eng., as Vice President of Engineering.

Mr. Duncan joined Hemisphere Energy in January 2011 and has been a tremendous addition to the technical team. Ian is a Professional Engineer with a range of oil and gas industry experience including drilling, production and facility operations. Before joining Hemisphere he worked at an engineering consulting firm, Solaris MCI, providing facilities engineering services for a producing company in the Horn River Shale Basin. Prior to Solaris MCI Ian worked for Talisman Energy in various exploration and development projects including northeast British Columbia deep sour gas, east central Alberta Mannville heavy oil, Bakken oil in Saskatchewan and Marcellus Shale gas in Pennsylvania.

Mr. Duncan holds a Bachelor of Science degree in Chemical Engineering from the University of Alberta and is registered in the Province of Alberta as a Professional Engineer.

In conjunction with Mr. Duncan's appointment, Hemisphere has granted incentive stock options to Mr. Duncan and to its directors and other officers, entitling them to purchase up to a total of 520,000 shares, exercisable at a price of $0.40 per share for a period of five years.

Hemisphere is focused on building and developing core areas that provide low to medium risk drilling opportunities to increase production, reserves and cash flow.

HEMISPHERE ENERGY CORPORATION

Don Simmons, President and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Hemisphere Energy Corporation
    Don Simmons
    President and CEO
    (604) 685-9255
    (604) 685-9676 (FAX)
    www.hemisphereenergy.ca