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 Mar 08, 2013 9:35am

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Post# 21099051

Worth a nickel

SDE

Standard Exploration arranges shares-for-debt financing

2013-03-08 09:31 ET - News Release

Mr. Ronald Wiebe reports

STANDARD EXPLORATION LTD. ANNOUNCES SHARES FOR DEBT PRIVATE PLACEMENT

Standard Exploration Ltd. intends to settle outstanding indebtedness owed to Brian Korney, Robert Mason, Pat Powell and John McGilvary, each a director of the corporation, in a total amount of $60,000 through the issuance of a total of 1.2 million common shares of the corporation at a deemed price of five cents per share. The securities issued pursuant to the private placement will be subject to a four-month hold period.

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