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.

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Southern Energy Corp > so just a word of caution

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Post by uogradon Nov 24, 2022 3:32pm

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Post# 35126081

so just a word of caution

Okay so q3 was wonderful, we all know that.

but q4 is going to be a disaster. the first 3 wells are not producing anywhere near their q3 levels.

now the beauty of a public company is you do not have to post your q4 results until april 30 so by then the 13 well program should be well along and hopefully the production is wonderbar so they can hide how bad q4 really is. this is the beauty of being a public company and the length of time they give you to put our q4 and year end audited financials.

but before then in mid december we will see the brutal november number and mid january for december

we have already seen production fall off a cliff in october which was conveintly forgotten in the last press release

so caveat emptor for all. I sold everything yesterday and today for a tidy little sum and will buy back if as i suspect when the novemeber numbers are releasd a slew of buyers head for the hills.

long tem great potential, short term rocky as heck. glta

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