Hemisphere Energy Announces Alberta Farm-in
Investing News Network - November 23rd, 2010
Hemisphere Energy Corporation (CVE:HME) reports a farm-in agreement to earn lands in the Jenner area of southeastern Alberta.
Hemisphere Energy Corporation (TSXV:HME) reports a farm-in agreement to earn lands in the Jenner area of southeastern Alberta.
The press release is quoted as saying:
The agreement gives Hemisphere Energy a right to farm-in to 5 net sections of land with petroleum and natural gas rights to the base of the Mannville formation. Hemisphere Energy will pay 100 percent of the drilling costs subject to a convertible royalty and will drill the first well by February 15, 2011.