About Southern Energy
On December 20, 2018, Standard Exploration Ltd. (“Standard” or the “Corporation”) (SDE: TSXV) announced the closing of a non-brokered private placement of common shares (“Common Shares”) and units (“Units”) of the Corporation, for aggregate gross proceeds of $18,011,000 (the “Private Placement”). The Corporation also changed it’s name to Southern Energy Corp.
Contemporaneous with the closing of the Private Placement, the Corporation announced the appointment of the New Management Team and the former board of directors and management team of the Corporation resigned. The New Management Team is led by Ian Atkinson as President, Chief Executive Officer and a director, Calvin Yau, as Vice President, Finance and Chief Financial Officer, Chris Birchard, Vice President, Geoscience and Gary McMurren, Vice President, Engineering. Joining Mr. Atkinson on the New Board are Bruce Beynon, Michael G. Kohut, Tamara MacDonald, Andrew McCreath, C. Neil Smith and R. Steven Smith, with Sony Gill serving as Corporate Secretary.
The Corporation also announced that it has acquired all of the issued and outstanding limited partnership units of Gulf Pine Energy Partners, LP (“Gulf Pine”). Gulf Pine was a limited partnership existing under the laws of the State of Delaware and a private junior oil and gas exploration, development and production company formed for the purpose of acquiring, and subsequently enhancing, producing oil and gas properties primarily in Alabama and Mississippi.
Southern Energy Corp is an oil and natural gas exploration and production company formed in December 2018. Southern has a primary focus on developing conventional and unconventional light oil and liquids rich natural gas resources in the SE Gulf States of Alabama and Mississippi. Our management team has extensive experience with developing assets through the utilization of horizontal drilling and multi-staged fracture completion techniques. We have a long and successful history of working together as a team and have created significant shareholder value through high quality engineering and geoscience work. At previous companies we have driven substantial growth over short periods of time both through the drill bit and through strategic acquisitions.