Hemisphere Energy Corporation

Hemisphere Energy Corporation

September 07, 2011 11:55 ET

Hemisphere Energy Announces Results of Annual General Meeting

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 7, 2011) - Hemisphere Energy Corporation (TSX VENTURE:HME) is pleased to announce the results of the Annual General Meeting of its shareholders held on August 31, 2011, as follows:

  1. each of Management's nominees for director, being Don Simmons, Charles O'Sullivan, Frank Borowicz, Bruce McIntyre, Greg Sadler, and Gregg Vernon, was re-elected a director;

  2. Smythe Ratcliffe LLP were re-appointed as Auditors;

  3. shareholders approved the renewal of Hemisphere Energy's Incentive Stock Option Plan;

Hemisphere currently has oil production from its Jenner property in southeast Alberta, natural gas production from its Sylvan Lake and Wainwright properties in central Alberta and liquids-rich natural gas production from its Trutch property in northeast British Columbia.

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


Don Simmons, President & CEO

Forward-looking Statements

This news release contains "forward-looking statements" that are based on Hemisphere's current expectations, estimates, forecasts and projections. These forward-looking statements include statements regarding Hemisphere's outlook for our future operations, plans and timing for the commencement or advancement of exploration and development activities on our properties, and other expectations, intention and plans that are not historical fact. The words "estimates", "projects", "expects", "intends", "believes", "plans", or their negatives or other comparable words and phrases are intended to identify forward-looking statements. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Many of these factors are beyond the control of Hemisphere. Consequently, all forward-looking statements made in this news release are qualified by this cautionary statement and there can be no assurance that actual results or developments anticipated by Hemisphere will be realized. For the reasons set forth above, investors should not place undue reliance on such forward-looking statements. Hemisphere disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.

Contact Information

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