27th Jan 2022 21:55
Southern Energy Corp - Calgary, Alberta-based producer of oil and gas assets in US south east Gulf States, including Mississippi and Alabama - Commences spudding of the three Selma Chalk horizontal wells in the Gwinville field targeting natural gas.
Should the wells be completed, first production from the wells is expected in April.
"We are delighted to report that the team has commenced operations on the Gwinville Selma Chalk horizontal well program. These wells will have a short payback and are strategically located in proximity to the Henry Hub terminal which attracts premium regional gas pricing," says Chief Executive Officer Ian Aktinson.
Current stock price: 25.80 pence, up 5.3% on Thursday
12-month change: down 50% since August 10
By Dayo Laniyan; [email protected]
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