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 eyewatchjbon Jul 02, 2014 9:18am

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Post# 22709444

HERE IS THE RESTT

Further to Standard Exploration Ltd.'s press release dated May 20, 2014, the corporation is herein providing an update with respect to the farm-in agreement with a large oil company. The farm-out lands are located in Southern Alberta in townships 1 and 2, ranges 18 and 19 W4M, and the prospective zone is the lower Mississippian at depths ranging up to 1,400 metres. Based on geologic mapping and a thorough interpretation of seismic data, Standard plans to drill two vertical wells before the end of the year. With positive results, Standard will drill a horizontal leg of at least 500 metres for each of the vertical well(s). The farm-in lands are located 15 kilometres southwest of the Ferguson oil field, currently being developed in the Lower Mississippian.

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