Southern Energy Corp V.SOU

new horizontal gas well by well

[harpi489]

gwinville GH 19-3#4

23065211301000

33% decrease in production July to Aug

 

gwinville GH 19-3#3

23065211291000

23% decrease in July to Aug

 

Gwinville 19-3 #2

23065211281000

27% decrease

 

time to try new resevoir?

 

September production available in 3 week

 

https://www.ogb.state.ms.us/wellsearch.php

[bruloil]

With these productiojn declines are the management & the MM are going to bring back SOU to the 0.80$ level & then later on announce the news about the new wells???

[Bruce1]

I would like to understand the reasons for the decline (reservoir, equipment failure, other) prior to going off the deep end. However, I'm not impressed with SOU communications to shareholders as well as the delay in getting to 10,000 boe considering the amount of cash on hand. There better be a nice surprise coming and going back to the 0.80's does not qualify as nice.

[harpi489]

If reason is RESERVIOR they will never say anything... If equipment failure they will let you know...

[bruloil]

Happily sold a bunch at 0.99 to 1.01 Be buying lower for the 4 th time, since last financing at 0.87$   The red wave will bring change to Ukraine support. Benefiting  Trump's friend (Poutine).   Energy down, is it a consequence?