Hemisphere has confirms the presence of oil in the Glauconitic formation, and is equipping the well with a pump and proceeding with tie-in to the company’s existing pipeline infrastructure after performing a swab test.
The company is focused on building and developing core areas that provide low to medium risk drilling opportunities to increase production, reserves and cash flow.
Hemisphere currently has oil production from its Jenner property in southeast Alberta, natural gas production from its Sylvan Lake and Wainwright properties in central Alberta and liquids-rich natural gas production from its Trutch property in northeast British Columbia.
