Hemisphere Energy Corporation reported production results for the fourth quarter and year 2023. For the quarter, the company achieved record average production of 3,375 boe/d (99% heavy oil), which represents a 16% increase over the same period in 2022.

For the year, the company's annual average production was approximately 3,100 boe/d (99% heavy oil), representing 10% growth as compared to 2022.