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dr_airtime

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dr_airtime

Re: None

Wednesday, 12/08/2021 5:48:32 PM

Wednesday, December 08, 2021 5:48:32 PM

Post# of 17737
HME.V Cheap Micro-Alberta Oil Producer

Page 8 of November Pres is a good place to start. 2P (TP) NAV at $70 WTI is $2.68/share vs. $0.98 close today ($C).

$C 90mm market cap currently.

[urlhttps://www.hemisphereenergy.ca/sites/default/files/2021-12/HME%20Corp%20PPT%20Nov%20MARKETING%20TRIP.pdf][/url][tag]November Pres[/tag]

Otherwise this is a 2022 2,550 boepd (90%?) oil producer with only $C 16mm of debt and a very low decommissioning liability and a 19 year reserve life index. They have two oilfields under waterflood and production growth in 2022 is already paid for and comes from a polymer flood. 2023 production upside is from polymer flooding the other oil field.

Opportunity best summarized here:

Seeking Alpha Article
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