Southern Energy Corp. SOU-T

Company Website 

Company Highlights: 

  • Southern is headquartered in Calgary and has a focus on high value natural gas development in the US SE (Mississippi). They are receiving a premium of US$5/mcf over NYMEX.
  • Production reached 3,680 boe/d in August. SOU has an exciting and extensive development and exploration portfolio. SOU sees growing to 9,000 boe/d in 2023 and having running room on current lands to grow to 17,000 boe/d by 2026. Most of their plays have multi-zone potential.
  • They raised $31M in Canada and the UK to fund their aggressive 2022 and 2023 drilling programs.
  • Southern has 135.9M shares outstanding (market capitalization of $94M). Insiders own 7% of the company.
Calvin Yau
Calvin Yau
Mr. Yau has over 20 years of financial and management experience in the oil and gas industry. Most recently, Mr. Yau was a co-founder, VP Finance and CFO of Gulf Pine Energy Partners LP since 2014 (which was acquired by Southern in December 2018). Prior thereto, he held a number of positions of increasing responsibility for a number of public companies since 2007, including Daylight Energy Trust and its predecessors, Waldron Energy Corporation and Molopo Energy Limited. Mr. Yau is a Chartered Accountant and has a Bachelor of Commerce degree from the University of Calgary.