Hemisphere Energy acquires additional land at Atlee Buffalo

摘要

Hemisphere Energy Corporation has entered into an agreement to acquire certain petroleum and natural gas leases in the Atlee Buffalo area of southeastern Alberta. The property includes an 85 per cent working interest in 1.75 sections (1,120 acres) of land adjacent to Hemisphere's existing landbase. Total consideration for the acquisition is $510,000. The transaction is expected to close by mid-July and is subject to regulatory acceptance.