Bullboard - Stock Discussion Forum 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... see more

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TSXV:SOU - Post Discussion

Southern Energy Corp > Substantial Development Potential

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Post by nozzpack on Apr 10, 2022 8:04pm

Substantial Development Potential

The 2021 reserve report points out the many additional probable drilling locations identified at Gwinville, which are based on results from previous Selma Chalk horizontal drilling successes which will be enhanced by incorporating their new well completion design.

Identification of these drilling locations demonstrates how managements strategy of applying modern completion techniques can bring new life and production to high-quality, midlife assets.

Current RLI is 15 years and with signifucant reserves growth potential, RLI should be sustained going forward for quite a while yet..

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