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 > Questions To Ask

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Comment by DocPaton Nov 25, 2022 1:46pm

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Post# 35128635

RE:Questions To Ask

Have a read of the last update and quarterly. It's all there. The 3D Seismic was not initially optimized to define fault lines and the less expensive (Less sophisticated) drilling tools were hard to navigate.

Now with the reinterpreted 3D seismic (Again, look on their website .. it's all there) and the more sophisticated navigational tools it would seem that they will be able to stay within the formation for almost all of the horizontal section. The results of the next few wells should tell the tale.

A question to anyone following, what is a company with 140,000,000 shares with no debt and 13,000 boe/d at $10.00/mcf on a per share basis worth?

Doc.

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