@SouthernEnergyCorp

Southern Energy Corporation is an oil and gas producer with interests in properties located in the southeastern United States, primarily in Mississippi.

[@SouthernEnergyCorp @SouthernEnergyC]

Southern Energy is pleased to complete its US$23.5M financing, adding a long-term strategic partner and enhancing financial flexibility to advance its Gulf Coast development plans. Details: https://t.co/J74HbjTzNH
$SOU #SOUC

[@SouthernEnergyCorp @SouthernEnergyC]

We’re pleased to announce the successful completion of our US$23.5M financing and royalty sale; a strategic reset that enhances flexibility and supports our 2026 development plans. Details: https://t.co/J74HbjU7Df
$SOU #SOUC

[@SouthernEnergyCorp @SouthernEnergyC]

#SOUC’s Q3 highlights include:
Petroleum and natural gas sales of $3.5mn in Q3 2024
Average production of 14,018 Mcfe/d
Reduced net debt by $1.4mn from Q2 2024

[@SouthernEnergyCorp @SouthernEnergyC]

Ian Atkinson, CEO of #SOUC: “Southern remains steadfast in preserving its balance sheet amid the challenging natural gas price environment of 2024. With natural gas prices on track to be the second-lowest in 24 years, we have proactively focused on optimizing our value chain.”

[@SouthernEnergyCorp @SouthernEnergyC]

#SOUC is pleased to announce its third quarter 2024 financial and operating results. Read the full RNS here: SOUC/q3-2024-financial-and-operating-results

[@SouthernEnergyCorp @SouthernEnergyC]

Ian Atkinson, CEO of #SOUC: “The results in Q2 2024 underscore the Company's strategic advantage stemming from the prime locations of its assets and sales points for natural gas."

[@SouthernEnergyCorp @SouthernEnergyC]

#SOUC Q2 highlights include:
Petroleum and natural gas sales of $3.9 million in Q2 2024, an increase of 4% compared to the same period in 2023

[@SouthernEnergyCorp @SouthernEnergyC]

#SOUC is pleased to announce its financial and operating results for the second quarter of 2024. Read the full RNS here: SOUC/q2-2024-financial-and-operating-results

[@SouthernEnergyCorp @SouthernEnergyC]

“As gas maintains its position as a crucial part of future energy security in the U.S., we see a significant re-rating opportunity in the current share price and we look forward to updating shareholders as we unlock the value in our portfolio." Ian Atkinson, CEO of #SOUC

[@SouthernEnergyCorp @SouthernEnergyC]

Ian Atkinson, CEO of #SOUC: "The Company's Q1 2024 results show the resilience of our business in an environment which experienced one of the warmest winters in U.S. recorded history. Our focus has been on improving our already low-cost structure”

[@SouthernEnergyCorp @SouthernEnergyC]

#SOUC Q1 highlights include:

Average production of 18,055 Mcfe/d, an increase of 15% from the same period in 2023

Generated $2.2mn of adjusted funds flow from operations

Monetized fixed price swap derivative contracts, realizing net proceeds of $1.1mn

[@SouthernEnergyCorp @SouthernEnergyC]

#SOUC is pleased to announce its first quarter financial and operating results for the three months ended March 31, 2024.

Read the full RNS here: https://t.co/CgxpLDJTT8

[@SouthernEnergyCorp @SouthernEnergyC]

Ian Atkinson, CEO of #SOUC: "The Southern operations team has successfully analyzed and optimized our early well results to execute what may be our best well to-date, for a fraction of the cost of the prior well completions which bodes well for future well activity.”

[@SouthernEnergyCorp @SouthernEnergyC]

#SOUC implemented stimulation design changes for this latest Upper Selma Chalk horizontal completion that improved the predictability and efficiency of the fracture operation and, more importantly, reduced the overall completion cost down to US$2.1mn, well below budget estimates

[@SouthernEnergyCorp @SouthernEnergyC]

#SOUC is pleased to announce the preliminary results from its recent Upper Selma Chalk horizontal well completion in the Gwinville Field.

Read the full RNS here: https://t.co/P6zRk3JD1f

[@SouthernEnergyCorp @SouthernEnergyC]

Ian Atkinson, CEO of #SOUC: “Southern is in an extremely strong position in the fourth quarter of 2023, with prevailing natural gas prices having significantly increased and our balance sheet capitalized, enabling us to go after the organic growth opportunities in our portfolio.”

[@SouthernEnergyCorp @SouthernEnergyC]

#SOUC’s Q3 highlights include:
Q3 petroleum and natural gas sales of $5.3mn
Q3 average production of 16,881 Mcfe/d
Generated $1.1mn of adjusted funds flow from operations in Q3
Read more here: https://t.co/EAMTp18UMw

[@SouthernEnergyCorp @SouthernEnergyC]

#SOUC announces its third quarter financial and operating results for the three and nine months ended September 30, 2023
Read the full RNS here: https://t.co/EAMTp19sC4

[@SouthernEnergyCorp @SouthernEnergyC]

Ian Atkinson, CEO of Southern: “The accelerated completion of the four wells is anticipated to provide significant production growth and cash flow to the business and we look forward to getting to work to bring these wells on to production.”

[@SouthernEnergyCorp @SouthernEnergyC]

The net proceeds from the Fundraising will be used alongside existing cash, cash flows and undrawn debt facilities to fund the completion of the up to four drilled and uncompleted wells at a cost of approximately US$3 million per well.
#Gwinville #SOUC