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 nozzpackon Aug 28, 2022 8:45am

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Post# 34925124

Q3 Revenues Will Exceed $20 million

Simple calculations.

Estimated July, 2022, revenue for the three-well pad site of over $3.6-million.
$10.2 million Q2 legacy Production divided by 3 months = $3.5 million
Total Monthly Production for July = $3.6 m + $3.5 m = $7.1 m

$7.1 million times 3 months = $21.3 million for Q3 of 2022

This May be conservative as new 3 Well Pad currently on Gen 2 production which should increase once Gen 3 is instituted .
Looking ahead to the 5 well program beginning in Oct, and derivative Gross revenues will come close to $ 200 million US Annually.....at some point in Q2 of 2023 when fully producing at breast plate capacity

Gross margin should be in excess of 60% of gross revenues

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