Hemisphere Energy Announces Producing Property Acquisition
Investing News Network - January 27th, 2011
Hemisphere Energy Corporation (CVE:HME) reports that it has entered into an agreement to acquire a producing property in the Wainwright area of southeastern Alberta.
Hemisphere Energy Corporation (TSXV:HME) reports that it has entered into an agreement to acquire a producing property in the Wainwright area of southeastern Alberta.
The press release is quoted as saying:
The property includes 435 net acres of land and 68.75% of one producing Colony formation natural gas well. The well has a current production rate of approximately 175 mcf/d (29 boe/d) gross or 120 mcf/d (20 boe/d) net to the company.
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