With this agreement, Hemisphere Energy now has access to over 11 gross sections of land in the Jenner area, which has multiple zones of potential, year round access and existing infrastructure.
Hemisphere Energy will pay 100% of the drilling costs, subject to a convertible royalty and will drill the first well by 15 February 2011.
Drilling operations in the first quarter of 2011 will target oil bearing zones of the Mannville formation.
Hemisphere Energy has production from 14 wells, four Halfway liquid-rich natural gas wells on its Trutch property in northeast British Columbia and ten Edmonton Sand natural gas wells on its Sylvan Lake property in central Alberta.
