30th May 2023 11:53
Southern Energy Corp - oil and gas company focused on the US state of Mississippi - Net loss in the first quarter of 2023 narrows to USD1.1 million from USD1.9 million the previous year. The company generates USD1.7 million of adjusted fund flow from operations in this quarter. Quarterly sales falls 12% to USD5.2 million from USD5.9 million the previous year. Production increases by 36% against the same period in 2022, with average production rising to 2,607 barrels of oil equivalent per day. Average realized oil and natural gas prices for the quarter stands at USD75.73 per barrel and USD3.25 per thousand cubic feet, respectively. Read More
