With this acquisition, the company increases its production and working interest in the property to 30% – 100%.
Hemisphere said this property gives it a significant position in a number of liquids-rich natural gas drilling targets in the producing Halfway formation as well as growth opportunities in the Montney formation.
The Trutch property’s acquisition is consistent with the company’s strategy of building core areas that provide low to medium risk drilling opportunities.
Hemisphere Energy is a Canadian firm engaged in the exploration and development of oil and natural gas reserves.
