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 > Questions To Ask

<< Previous

Bullboard Posts

Next >>

Post by harpi489on Nov 25, 2022 11:30am

435 Views

Post# 35128243

Questions To Ask

Questions to ask --

1 Why did managment find it so hard to keep drill in good rock? They have seismic, they have exisitng wells 100 feet away, they have other horizontals close, the second well was right beside the first well

2 They did 5 times the number of fracs than the old horizntals but new wells don't show much improvement. Even if you normalize to longer.

3 20% over cost and time. almost double the costs of the older horizontals.

4 fracing should grow up and down. IF you are not in good good rock the frac should hit the good rock. presentation shows they were very close to the target rock.

remember the analysts are trying to sell you stock that they already own, not give you unbiased research. due your diligence.

5 next month production. do we see another 20% drop in production. low pressure? water?

<< Previous

Bullboard Posts

Next >>

Calibre discovers significant gold in Newfoundland