Hemisphere Energy Corporation has commenced operations on its planned three well drilling program in the Jenner area of southeast Alberta. Hemisphere Energy expects to drill two development horizontal wells to follow-up on recent drilling success from the summer drill program and one planned vertical well to test for a new pool. All wells are targeting oil-bearing sandstones of the Glauconitic formation and will be 100% owned and operated by Hemisphere Energy.
Hemisphere Energy's first horizontal well targeting the Glauconitic formation in the Jenner area was drilled in June 2011. The well has been on continuous production for the past 32 days with a stable rate averaging 236 barrels-of-oil per day (bbl/d) and a 0.5% watercut.
Hemisphere Energy currently has oil production from its Jenner property in southeast Alberta, natural gas production from its Sylvan Lake and Wainwright properties in central Alberta and liquids-rich natural gas production from its Trutch property in northeast British Columbia.
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