Hemisphere Energy (TSE:HME) has released an update.
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Hemisphere Energy Corporation reported robust first-quarter results for 2024, overcoming weather-related production challenges to produce a daily average of 3,133 barrels of oil equivalent. The company announced a quarterly revenue of $21.0 million with low operating costs, resulting in a significant operating netback of $13.1 million. Additionally, Hemisphere declared a dividend distribution, executed a $5.6 million capital expenditure program, and made strides in shareholder value through a share buyback initiative.
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