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Southern Energy Corp V.SOU

Alternate Symbol(s):  SOUTF

Energy
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

Southern Energy Corp
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Post by plan-bon Dec 28, 2017 4:05pm
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Post# 27240446

cash

cashThese guys actually have meaningful cash on hand. As of Sept 30/2017 they had $949,000 cash

Standard Exploration Ltd. Condensed Interim Statements of Financial Position (amounts in Canadian dollars) September 30,  Notes 2017  (unaudited) Current assets Cash and cash equivalents $ 948,945 Accounts receivable 4(c) 72,817  Deposits and prepaid expenses 16 112,605  Total current assets 1,134,367 



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Dealroom for high-potential pre-IPO opportunities