Southern Energy Corp. Initiates Cotton Valley Test Well and Partners with Market Maker

Southern Energy Corp., based in Calgary and listed on TSXV and AIM, has announced the spudding of the Terrible Creek 21-2 #2 Cotton Valley test well in Williamsburg, Mississippi, as part of a strategy with a strategic partner. The drilling, a part of two planned farm-out commitment wells, represents a significant investment with Southern covering 50% of the estimated US$3.9 million per well. The well is targeted to reach a depth of 19,000 feet, with testing planned post-drilling.

Additionally, Southern has engaged ICP Securities Inc. for automated market-making services. This partnership aims to stabilize share trading, enhancing liquidity and transparency for stakeholders. ICP will not receive stock options or external funding for these activities, operating independently at a monthly fee of C$7,500.