Hemisphere Energy (TSE:HME) has released an update.
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Hemisphere Energy reported a significant 18% increase in quarterly production to 3,621 boe/d, primarily heavy oil, driving a 10% rise in revenue to $26.7 million for Q3 2024. The company also declared a quarterly dividend and executed a $9.9 million capital expenditure program to expand its operations in Alberta and Saskatchewan. Shareholders benefitted from special and base dividends, reflecting Hemisphere’s positive financial standing and operational growth.
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