Hemisphere Energy Corporation

Hemisphere Energy Corporation

September 09, 2014 09:00 ET

Hemisphere Energy Appoints Chief Operating Officer and Vice President of Engineering

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 9, 2014) - Hemisphere Energy Corporation (TSX VENTURE:HME) ("Hemisphere" or the "Company") is pleased to announce the promotion of Mr. Ian Duncan to Chief Operating Officer and the appointment of Ms. Ashley Ramsden-Wood to Vice President of Engineering, effective immediately.

Mr. Duncan has served as Hemisphere's Vice President of Engineering since May 2011 and has been instrumental in the successful development of the Company's operations. He is a professional engineer with over 10 years of oil and gas operational experience in drilling, production and facilities. Mr. Duncan has been a key player on the Hemisphere team since joining the Company in January 2011 and it was a natural fit to transition him into the role of Chief Operating Officer.

Ms. Ramsden-Wood has been consulting for Hemisphere since June 2012 and has also played a key role in the growth and success of the Company to-date. She is a professional engineer with over 12 years of oil and gas industry experience with focus on British Columbia, Alberta and Saskatchewan. Ms. Ramsden-Wood started her career at Petro-Canada as a Reservoir Engineer and then moved on to exploitation/area engineering roles at NAL Resources where she gained extensive experience in planning and implementing capital projects and development plans, preparing economic valuations, and evaluating acquisitions. Ms. Ramsden-Wood holds a Bachelor of Science degree in Chemical Engineering from the University of British Columbia and is a member of the Association of Professional Engineers and Geoscientists of Alberta.

About Hemisphere Energy Corporation

Hemisphere Energy Corporation is an exploration and production, oil and gas company focused on developing core areas that provide low to medium risk drilling opportunities to increase production, reserves and cash flow. Hemisphere's continued growth plan is through drilling existing prospects and executing strategic acquisitions and farm-ins. Hemisphere trades on the TSX Venture Exchange as a Tier 1 issuer under the symbol "HME".

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.

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 news release.

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