Hemisphere is:
Simple – We are geographically focused with a long-life reserve base from conventional assets providing years of sustainable cash flow.
Strong – We see abandonment, decommissioning and reclamation (ADR) liabilities as another form of debt which is why we intend to maintain one of the lowest ratios of ADR across our industry peers, while keeping our balance sheet strong and leaving us with cash leftover for shareholder returns.
Profitable – We have high per barrel value with low capital cost asset base, resulting in a high free cash flow yield.
Unique – We use enhanced oil recovery (polymer flood) which provides an ultra-low production decline.
We focus on growing our production and returning to our shareholders with base quarterly dividends, share buybacks and potential special dividends.