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Southern Energy Corp V.SOU

Alternate Symbol(s):  SOUTF

Southern Energy Corp. is a Canada-based natural gas exploration and production company. The Company has a primary focus on acquiring and developing conventional natural gas and light oil resources in the southeast Gulf States of Mississippi, Louisiana, and East Texas. It has three assets in the Mississippi Interior Salt Basin (MISB), which include the Gwinville, Mechanicsburg, and Mount Olive East fields. It operates and owns a working interest in over 12,000 held by the production acres of land in the Gwinville field. It operates and owns a working interest in approximately 12,450 held by the production acres of land in the Gwinville field. The Company operates and owns a working interest in over 3,400 held by production acres of land in the Mechanicsburg field. It owns and operates production from a number of other fields in the MISB within 40 miles of Gwinville, including Greens Creek and Williamsburg South gas fields, along with minor oil production from the Magee field.


TSXV:SOU - Post by User

Bullboard Posts
Comment by Oilmarketon Jun 12, 2014 1:43pm
136 Views
Post# 22654318

RE:Thoughts.

RE:Thoughts.No, no idea of where it could go and for my 2 cents (dont think it will go there but that works for me too) I think that managnement was replaced for a reason. People were then put in that have capability. Is drilling riskless - of course not but you have to decide whether you think the "new" guys can add value or not.  I am in for the long haul and hoping for the $0.25 (but remember that is about $22mm or more fully valued asset based on 88 mm shares). I know that some of the sharehodlers involved in the management change were hoping for more than that but we will have to see as they have only so much capital to work with??? 
Bullboard Posts