Company
Southern Energy Corp
LON:SOUC
Southern Energy Corp is a 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. Southern Energy's management team has a long and successful history working together and have created significant shareholder value through accretive acquisitions, optimization of existing oil and natural gas fields and the utilization of re-development strategies utilizing horizontal drilling and multi-staged fracture completion techniques.
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Malcy's Blog - Oil price, Southern, Kistos, Coro, Petrofac. And finally…
WTI (Jan) $80.04 -7c, Brent (Jan) $87.45 -17c, Diff -$7.41 -10c. USNG (Dec) $6.77 +47c, UKNG (Dec) 268.27p -1.73p, TTF (Dec) €116.1 -€3.39.Oil priceAs long as China continues to suffer from this resurgence of Covid and more deaths have mean
Southern Energy posts strong third quarter as it lifts production amid higher commodity prices
Average production in the quarter came in at 3,408 barrels of oil equivalent per day, of which 96% was natural gas
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Malcy's Blog - Oil price, Ithaca, Genel, GKP, Trinity, Southern. And finally...
WTI (Nov) $85.46 -15c, Brent (Dec) $91.62 -1c, Diff -$6.16 +14c.USNG (Nov) $5.99 -46c, UKNG (Nov) 218.55p -18.45p, TTF €122.0 -€12.49.Oil priceNot much to add to a quiet day in the oil market where the same old, same old influences left the
WH Ireland initiates coverage on ‘high-growth’ Southern Energy with a $2.08 price target
Analysts at WH Ireland said the natural gas company has an “extensive inventory of undrilled wells” and near-term growth will come from drilling up the Gwinville gas field in Mississippi
Southern Energy says its shares are now trading on the OTCQX Best Market
“We are pleased to reach the milestone of trading on OTCQX, as this will make it easier for our US investors to invest in Southern as we look to unlock shareholder value through our long-term development drilling program at Gwinville,” said
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NA Proactive news snapshot: Unrivaled Brands, Steppe Gold, Quantum eMotion, First Mining Gold, Co-Diagnostics, Doré Copper Mining, Todos Medical UPDTE...
A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
Southern Energy Corp reports $3.6 million of adjusted funds flow from operations in Q2 2022, an increase of 490% from the same period in 2021
Ian Atkinson, president and CEO of Southern, said: "We are truly excited by our ability to begin a long-term development drilling program to unlock shareholder value due to the significant reserves, production and cashflow growth in Gwinvil
Southern Energy closes US$31M financing; secures premium to NYMEX natural gas pricing contract
“With our strengthened financial capability, we now look ahead to further exciting operational activity at Gwinville while also being capable of considering M&A opportunities in our core area of expertise from a position of strength,” said
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Malcy's Blog - Oil price, CEG, GKP, San Leon, Southern, Lamprell. And finally…
WTI $104.27 -$1.92, Brent $110.05 -$1.69, Diff -$5.76 +23c.USNG $6.24 -62c, UKNG 196.9p -11.9p, TTF €6.133.00 -13cOil priceOil fell again after Jerome Powell of the Fed admitted that they may have misjudged inflation leading to a possible r
Southern Energy says, due to strong demand, the size of its recently announced placing in the UK was increased to US$13.5M
When combined with the US$17.5 million prospectus offering the total size of the offering has increased to US$31.0 million (approximately £25.2 million/C$40.3 million) before expenses
Southern Energy announces plans to raise nearly C$39M to accelerate drilling program at Gwinville in Mississippi
The company said all three of the horizontal wells from the Gwinville 1903 padsite were flowing to sales at highly restricted rates, with the padsite currently producing approximately 15.3 million cubic feet per day
Southern Energy appoints industry veteran Paul Baay as non-executive director
“This is an important period for our company, and we are pleased to be adding further expertise to our already strong board,” Southern Energy non-executive chairman Bruce Beynon said
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Malcy's Blog - Oil price, Kistos, Chariot, Southern. And finally…
WTI $122.11 +$2.70, Brent $123.58 +$3.01, Diff -$1.47 +31c.USNG $8.70 -59c, UKNG 156.5p +25.46p, TTF €89.420 +€9.42Oil priceA big rise in the crude price yesterday, Chinese economic data, specifically export numbers was better than expected
Canaccord Genuity repeats 'Speculative Buy' rating and 105p price target on Southern Energy following Gwinville Field wells news
The Canaccord analysts said: "We think this is an excellent start, with the well still cleaning up and appearing to improve as that continues"
Southern Energy announces ‘transformational moment‘ following successful early flowback performance in Gwinville field
The natural gas exploration and production company highlighted well GH 19-3 No. 2, which is flowing at an initial level of 7.7 million cubic feet per day, at a highly restricted flowing pressure, exceeding the company's modelled type curve
Southern Energy announces higher petroleum and natural gas sales in 1Q from improved commodity prices
"Our balance sheet is getting stronger and we are being rewarded for our investment strategy in prior quarters with strong production yielding significant cash flow,” the company's CEO Ian Atkinson said
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NA Proactive news snapshot: TNR Gold, CO2 GRO, GoviEx Uranium, Water Tower Research, Vivakor UPDATE ...
A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
Southern Energy laying the foundation for growth as it reports net earnings of US$10.1M for full year 2021
In a statement reporting fourth quarter and full year figures to end-December, the oiler said net earnings for the 12 months had come in at US$10.1 million, compared to a net loss of US$7.8 million in 2020
Southern Energy reveals selected highlights of its year-end independent oil and gas reserves NSAI Report; provides operational update
Ian Atkinson, president and chief executive officer of Southern Energy said: The NSAI report demonstrates that we have substantially extended the running room and future development potential of our asset which will complement our strategy
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Today's Oil and Gas Update: Southern Energy Corporation, Jadestone Energy and more...
Oil & Gas Daily FlowNon-Independent Research; Marketing & Sales Commentary - MiFID II exempt information – see disclaimer belowThe FCA is to scrap MiFID rules on small company research for companies with a market capitalisation of under £20
Southern Energy Corp is positioned for significant growth as it re-energises conventional assets
The company has an interest in 230 net producing and 90 non-producing wells which are comprised of conventional, low-decline, long-life reserves in fields with abundant infrastructure, low operating costs and premium commodity pricing
Southern Energy announces spudding of its three well drilling program in the Gwinville gas field in Mississippi
Southern Energy CEO Ian Atkinson said: "These wells will have a short payback and are strategically located in proximity to the Henry Hub terminal which attracts premium regional gas pricing”
Southern Energy confirms second-quarter production growth
Southern Energy is positioned to continue its organic and acquisition-based growth strategy, says chief executive Ian Atkinson
Southern Energy shares start trading in London
Chief executive Ian Atkinson described it as a key moment for the company.