Hemisphere is:
Simple – We have one geographically focused area with two exceptional quality oil pools under enhanced recovery programs. We are working towards improving the recoveries of our resources and maximizing the returns on our investments.
Clean – We see abandonment, decommissioning, and reclamation (ADR) liabilities as another form of debt. We have one of the lowest ratios of ADR to funds flow across our industry peers, and we intend to improve that ratio.
Profitable – We operate one of the most lucrative oil assets in the Western Canadian Sedimentary Basin. Between exceptionally low finding and development costs and top-tier operating and transportation costs, the value per barrel of our reserves is the highest amongst our industry peers.
Unique – We are small and we are proud of it. We compete across the board when comparing funds flow per barrel, net debt ratios, reserve values, and operating and transportation costs. We punch above our weight and we are committed to a return of capital to shareholders.