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 goldengirl20on Nov 21, 2012 10:48am

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Post# 20626667

DRY HOLE

Mr. Ronald Wiebe reports

STANDARD EXPLORATION LTD.- ANNOUNCES OPERATIONS UPDATE

Standard Exploration Ltd., on Nov. 15, 2012, committed to drilling two wells prior to year-end. The first well, an exploration well, was drilled, abandoned and rig released on Nov. 20, 2012. The well targeting the Mannville zone encountered the reservoir but was tight and not viable for commercial production. Total cost for the operation was approximately $350,000 of qualified Canadian exploration expenditures (CEE), which will be applied to the flow-through commitment inherited with the Canadian Energy Exploration Inc. transaction.

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