• 4Q23 production of 2,793 boe/d and YE23 net debt of US$26.7 mm were in line with forecasts.
• The GH 14-06 #3 Upper Selma Chalk well delivered an IP30 rate of 5.2 mmcf/d. This is a good rate compared to the other Upper Selma Chalk wells of 2022-2023 which had IP30 rates of 3.3-6.5 mmcf/d. The overall completion cost was only US$2.1 mm, ~40% lower than the two previous 18-10 pad Upper Selma Chalk wells that were completed earlier in 2023.
• With low US gas prices, we are now assuming that the ....
26 Apr 2024
Southern Energy Corp. (SOUC LN/SOU CN): Managing the balance sheet in the context of low US gas prices
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Southern Energy Corp. (SOUC LN/SOU CN): Managing the balance sheet in the context of low US gas prices
• 4Q23 production of 2,793 boe/d and YE23 net debt of US$26.7 mm were in line with forecasts.
• The GH 14-06 #3 Upper Selma Chalk well delivered an IP30 rate of 5.2 mmcf/d. This is a good rate compared to the other Upper Selma Chalk wells of 2022-2023 which had IP30 rates of 3.3-6.5 mmcf/d. The overall completion cost was only US$2.1 mm, ~40% lower than the two previous 18-10 pad Upper Selma Chalk wells that were completed earlier in 2023.
• With low US gas prices, we are now assuming that the ....