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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Comment by Oilmarketon Mar 22, 2016 11:28am

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Post# 24687951

RE:$20,000 Per Flowing BOE Per Day

Wait for the last quarter financial report. Is the production even economic now? How much cash is left? How many millions was the yearend write down on assets? No way the production supports a CEO and 3 VP's. Producing well "may" be worth the money but the company is not......... (not the stock to be clear). All these little companies have the same problems - no money and too many people and in all of them as much as management would like to say they work for shareholders they will stay there taking a salary until all the money is gone. See where the G&A is next report perhaps they are working for you.........

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