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Hemisphere Energy Corp
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December 2023 Corporate Presentation
| Don Simmons | Page 14 of 11 |
May 03, 2024
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"December 2023 Corporate Presentation"
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14 TSX-V: HME OTCQX: HMENF Why Invest in Hemisphere: A Truly Niche Story in the Oil Space Dividend paying company with active NCIB › HME returns a portion of its free funds flow back to shareholders through dividends and share buybacks › Additional free funds flow is targeted towards growth (acquisitions or accelerated capital spending) and increasing shareholder returns through potential special dividends during periods of higher commodity prices High free funds flow yield › HME has one of the best free funds flow yields in the industry due to: ? Ultra-low production declines ? Low operating and capital costs ? Long life, high netback reserves Low decommissioning costs and zero debt › Without substantial inactive assets or debt, HME has more cash flow to return to shareholders than companies with higher liability obligations Exciting potential in our new play (1) › HME hopes to repeat the success it has had creating a ‘cash cow’ at Atlee Buffalo, starting with a pilot polymer flood in 2024 (1) As disclosed in HME’s press release Aug 24, 2023: Hemisphere has strategically invested approximately $1 million to date in 2023 in the acquisition of over 10 sections of new land that management believes to be prospective enough to become an additional core area for the Company. This resource is characterized by high oil in place and low recovery factor, and reservoir simulation supports its significant potential as an application for Hemisphere’s expertise in Enhanced Oil Recovery ("EOR") techniques.