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 > Eight Capital talks about Southern Energy Corp.

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Comment by uogradon Apr 02, 2023 11:03am

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Post# 35374511

RE:Eight Capital talks about Southern Energy Corp.

a 3.00 target give me a break. that is like an april fool's target time about 5,

if natural gas goes back up next fall or winter then sure you could get this back to .75 or possibly a little higher but you would need everything to work out perfectly.

for now you have declining well production and a very uninspiring drilling program so ..30 is a fair price and of no interest to most people

as for acquistions that is a total pipe dream. they have no cash and no one wants this paper so that is total non starter.

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