Hemisphere Energy Announces 64% Increase in Proved Plus Probable Reserves in 2013 - Seite 2

All evaluations and reviews of future net cash flows are stated prior to any provisions for interest costs or general and administrative costs and after the deduction of estimated future capital expenditures for wells to which reserves have been assigned. It should not be assumed that the estimates of future net revenues presented in the tables below represent the fair market value of the reserves. There is no assurance that the forecast prices and cost assumptions will be attained and variances could be material. The recovery and reserve estimates of our crude oil, natural gas liquids and natural gas reserves provided herein are estimates only and there is no guarantee that the estimated reserves will be recovered. Actual crude oil, natural gas and natural gas liquids reserves may be greater than or less than the estimates provided herein. Reserves included herein are stated on a company gross basis (working interest before deduction of royalties without including any royalty interests) unless noted otherwise. In addition to the information disclosed in this news release, more detailed information will be included in Hemisphere's Annual Information Form which will be available on SEDAR at www.sedar.com and Hemisphere's website at www.hemisphereenergy.ca by April 30, 2014. All amounts are expressed in Canadian dollars unless otherwise noted. Due to rounding, certain columns may not add exactly.

		Heavy Oil	Natural Gas	NGL	Total
		Company Gross	Company Gross	Company Gross	Company Gross
Reserves Category		(Mbbl)	(MMcf)	(Mbbl)	(Mboe)
Proved
	Developed Producing	520.1	640.2	3.9	630.7
	Developed Non-Producing	22.7	3.0	-	23.2
	Undeveloped	592.6	157.8	-	618.9
Total Proved		1,135.4	801	3.9	1,272.8
Probable		696.5	597.2	4.9	800.9
Total Proved Plus Probable		1831.9	1398.1	8.8	2,073.7

Summary of Net Present Value