Hemisphere Energy Corporation
TSX VENTURE : HME

Hemisphere Energy Corporation

June 29, 2011 12:31 ET

Hemisphere Energy Completes Drilling and Commences Completion of First Horizontal Well in Jenner Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 29, 2011) - Hemisphere Energy Corporation (TSX VENTURE:HME) has successfully drilled its first horizontal well on its Jenner property in southeast Alberta. A completion rig has been mobilized to the Jenner property to begin completion operations on the horizontal section of the Glauconitic sandstone reservoir. This is Hemisphere Energy's first well on the 100% working interest lands recently acquired in the Jenner area.

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

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 ENERGY CORPORATION

Don Simmons – P.Geol, 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.

This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of factors beyond its control, and actual results may differ materially from the expected results.

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.

Contact Information

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