Hemisphere Energy Announces 207 BOPD Production Rate From Third Horizontal Well on Jenner Property

abarrelfullabarrelfull wrote on 11 Jan 2012 06:39
Tags: canada hemisphere upstream

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Hemisphere Energy Corporation (TSXV: HME) announces it has completed and equipped its third horizontal well targeting oil in the Glauconitic formation on its Jenner property in southeast Alberta. The new 100% owned and operated horizontal well has been producing for twelve days and the average production rate over the last 72 hours has been approximately 207 barrels-of-oil per day (BOPD).

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 planning additional wells on its land base in Jenner, where it holds over 6900 net acres of land.
Hemisphere is focused on building and developing core areas that provide low to medium risk drilling opportunities to increase production, reserves and cash flow.

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