Successful Initial Results from Generation 3 Well Design Southern Energy Corp. is excited to announce successful early flowback results from the first well of the three-well horizontal padsite located in the Gwinville Field. Highlights Well GH 19-3 #2 is flowing at an initial level of 7.7 MMcf/d , at a highly restricted flowing pressure, exceeding the Company's modeled type curve Additional volumes from GH 19-3 #2 have [...]
Southern Energy Corp. announces, further to its announcement of 6 May 2022 regarding the application to AIM for a block admission of 15,624,232 new common shares in the Company , a monthly update to the Company's total voting rights as a result of the exercise of instruments subject to the Block Admission during the prior month. As at May 31, 2022, Southern Energy had 86,434,983 Common Shares in issue. This figure may be [...]
Southern Energy Corp. today announces the release of its first quarter financial and operating results for the three months ended March 31, 2022. Southern is an established producer with natural gas and light oil assets in Mississippi characterized by a stable, low-decline production base, a significant low-risk drilling inventory and strategic access to the best commodity pricing in North America. Selected financial and [...]
Southern Energy Corp. , a U.S.-focused, growth-oriented oil and natural gas producer, announces that application has been made to AIM for a block admission of 15,624,232 new common shares in the Company . This will be used to facilitate the admission of Common Shares to trading following future exercises of outstanding warrants issued in 2021 and future conversions of outstanding 8% convertible unsecured subordinated [...]
Southern Energy Corp. , a U.S.-focused, growth-oriented oil and natural gas producer, announces that the Company has issued 187,500 new common shares in the Company to satisfy an exercise of warrants over Common Shares at an exercise price of CAD0.32 per Common Share. Admission to Trading on AIM and Total Voting Rights Application has been made to the London Stock Exchange plc for the admission to trading on AIM of the [...]
Southern Energy Corp. , a U.S.-focused, growth-oriented oil and natural gas producer, announces that the Company has issued 125,000 new common shares in the Company to satisfy an exercise of warrants over Common Shares at an exercise price of CAD0.32 per Common Share. In addition, the Company has issued 1,250 new Common Shares to satisfy the Convertible Debenture conversion rights at a price of CAD0.80 per Common Share [...]
Southern Energy Corp. today announces the release of its fourth quarter and year ended December 31, 2021, financial and operating results. Southern is an established producer with natural gas and light oil assets in Mississippi characterized by a stable, low-decline production base, a significant low-risk drilling inventory and strategic access to the best commodity pricing in North America. Selected financial and [...]
Southern Energy Corp. , a U.S.-focused, growth-oriented oil and natural gas producer, announces that the Company has issued 28,125 new common shares in the Company to satisfy an exercise of warrants over Common Shares at an exercise price of CAD0.32 per Common Share. Admission to Trading on AIM and Total Voting Rights Application has been made to the London Stock Exchange plc for the admission to trading on AIM of the [...]
Southern Energy Corp. ANNOUNCES A 73% INCREASE IN 2P RESERVES AT YEAR END 2021, NON-CORE ASSET DISPOSITION Southern Energy Corp. is pleased to announce selected highlights of Southern's year end independent oil and gas reserves evaluation as of December 31, 2021 , and provide an update on the Company's three well drilling program at the Gwinville field and a non-core asset cash disposition. The NSAI Report was prepared by [...]
Southern Energy Corp. , a U.S.-focused, growth-oriented oil and natural gas producer, announces that the Company has issued 30,000 new common shares in the Company to satisfy an exercise of warrants over Common Shares at an exercise price of CAD0.32 per Common Share. Admission to Trading on AIM and Total Voting Rights Application has been made to the London Stock Exchange plc for the admission to trading on AIM of the [...]
Southern Energy Corp. announces the spudding of its three Selma Chalk horizontal wells in the Gwinville field targeting natural gas. The three wells will be drilled from the same surface pad site and batch drilled for operational and capital efficiencies. Subject to successful completion, first production from the wells is expected in April 2022. The Company has posted a short video under the Presentations and Events [...]
Southern Energy Corp. announces the following purchases of Company common shares. The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on the applicable transaction. 1. Details of the person discharging managerial responsibilities / person closely associated a) Name Steven Smith 2. Reason for the notification a) Position/status Director b) Initial [...]
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