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 > New Research 2.70 - more upside.

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Comment by nozzpackon Sep 22, 2022 2:04pm

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Post# 34979682

RE:New Research 2.70 - more upside.

Outstanding Report with target of $4.10 per share in C$.
'
Some ,metrics..

8150 BOE per day in 2023

$50 US per boe @ $8.00 US Natty Gas

$98 million US in Cash from Operations ( CFO ) in 2023 ( about $0.90 per share in C$

$29 m US in CFO in 2022 ( $36 million in C$ )

All Debt extinguished in early 2023

Its even better than this as the $5 per boe premium that we get is not included.

So we are trading at just 1 times 2023 cash flows ...

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