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SOUC Southern Energy Corp.

9.25
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Southern Energy Corp. LSE:SOUC London Ordinary Share CA8428133059 SHS NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 9.25 9.00 9.50 9.25 9.25 9.25 10 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 35.45M 9.3M 0.0561 2.85 26.51M
Southern Energy Corp. is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker SOUC. The last closing price for Southern Energy was 9.25p. Over the last year, Southern Energy shares have traded in a share price range of 9.25p to 28.50p.

Southern Energy currently has 165,718,160 shares in issue. The market capitalisation of Southern Energy is £26.51 million. Southern Energy has a price to earnings ratio (PE ratio) of 2.85.

Southern Energy Share Discussion Threads

Showing 3101 to 3125 of 3125 messages
Chat Pages: 125  124  123  122  121  120  119  118  117  116  115  114  Older
DateSubjectAuthorDiscuss
05/3/2024
07:09
A summary thread on large US producers who have announced production cuts hTTps://x.com/bluegoldr/status/1764758461764469012?s=46&t=6X1g83YbY4t-D9n0LuuFngIt amounts to around 5/6 BCF/d which is around 5% of total US production . That should put a floor under HH of at least $2/mcf by end March .Weather is still a big factor . All eyes on inventory builds through the Summer. Also most of these can easily ramp production once prices hit whatever IRR they have in mind .
croasdalelfc
04/3/2024
13:14
HH back up above $2 today:
bountyhunter
04/3/2024
07:38
827boepd from the new well for January . Around $500k earned from the first 48 days . 20% goes to royalty ownersDecline will now kick in so at $2.5/mcf it will take another 9-10 months to earn the $2.1m cost of the DUC . The drill cost of $10m will never be fully recovered.Will the cashflow be enough to get to the next DUC ? SOUC is now a zombie company but the directors still get paid ....April is the results month - has debt risen? what is the cash position . Working capital needed ?
croasdalelfc
04/3/2024
07:19
Indeed - it's not easy to get such info without paying
croasdalelfc
03/3/2024
09:58
Thanks, re Transco Zone 4 and Sonat prices I have a link in the header which used to work but now requires a login. It seems that many sites now require a registration/payment to just see specific regional prices.
bountyhunter
03/3/2024
09:44
On a daily basis I can only get these regional prices hTTps://www.eia.gov/todayinenergy/prices.phpEIA also give a weekly commentary on a Thursday pm.hTTps://www.eia.gov/naturalgas/weekly/
croasdalelfc
01/3/2024
20:28
Do you have a link to either Transco Zone 4 or Sonat prices?
bountyhunter
28/2/2024
22:03
That premium was last year - this year most regions are below HH except California and New England -
croasdalelfc
28/2/2024
07:04
I realise that but HH is a baseline above which Southern have previously said that they receive a premium for unhedged production, with hedged production receiving a higher rate.
bountyhunter
27/2/2024
19:00
HH is not the price producers get . Waha Hub currently selling for 20c/mmbtu or 19c/mcfWaha is West Texas Permian gasHouston Ship is East Texas selling for 110c/mmBTU or 106c/mcf hTTps://x.com/brynnekkelly/status/1762520171963404295?s=46&t=6X1g83YbY4t-D9n0LuuFng
croasdalelfc
21/2/2024
21:37
HH is up a fair degree today.
bountyhunter
21/2/2024
07:50
So $CHK announce the first large company 20% decrease in capex for 2024 and reduce guidance by 23% for 2024 . It shows how the US drill,baby,drill hamster wheel needs to turn to maintain production.Chesapeake is planning to drop a rig in the Haynesville in March and another rig in the Marcellus around mid-year. The company also said it would drop a frac crew in each play next month.Those activity levels will be maintained through the end of 2024, Chesapeake said."Deferring new well production and completion activity will build short-cycle, capital efficient productive capacity which can be activated when consumer demand requires it," the company said in a Feb. 20 news release.Chesapeake produced an average 3.66 Bcfe/d in 2023, based on an average of 11 rigs to drill 193 wells, with 166 wells placed on production.
croasdalelfc
15/2/2024
10:01
Sorry I got it wrong - they completed 55 wells and plan another 38 this year spending a further $750m to $850m capex plus $150m on infrastructure! Madness!
croasdalelfc
15/2/2024
09:25
Have a look at $CRK results - a Haynesville pure gas play with ~250kboepd - 99.9% gas.The took $1.3B in revenue in 2023 production costs around $400k - on the face of it a good result. Except they spent $1.25B on capex of new drills had negative FCF of 500m and increased debt by $500m to $2.6B!Average HH was $2.4 with hedging $2.55.They drilled 44 wells. But on the good side they plan to drop two rigs and one frac crew this year . Drill baby drill!!
croasdalelfc
13/2/2024
11:07
HH gas futures..
bountyhunter
09/2/2024
08:14
Souc are loss making every day under $3.5/mcf and that isn't counting capex expenditure.Gas revenue $2/mcf inc hedge Royalty (0.4)Production tax (0.2)Opex (1.0)Transportation (0.25)G&A (0.7)Debt interest (0.6)= (3.1)Capex ...
croasdalelfc
01/2/2024
08:01
hTTps://ws.ogb.state.ms.us/MSOGBOnline/DataMining.html?EntityType=Well&EntityKeyName=WellID&EntityKeyValue=2306521140&DETAILSONLY=TrueThe well averaged just 415 boepd for the first 17 days . I would say it was still cleaning up and peak IP 30 will be Jan 2024 but most likely around 600-650 boepd ....and declining from there on in.Revenue for the 17 days? Circa $100k
croasdalelfc
16/1/2024
08:24
It would be interesting to see how many frac stages they did - and the proppant load - is efficiency the name for cost cutting? Proppant and water is expensive
croasdalelfc
16/1/2024
08:17
True- it's $8m- $10m per well
croasdalelfc
16/1/2024
08:05
Southern successfully completed the first of its four drilled but uncompleted ("DUC") wells from the Company's Q1 2023 drilling program - the GH 14-06 #3 wellbore. Over the first 20 days of production, natural gas rates from the well exceeded 6.5 MMcf/d and averaged 5.3 MMcf/d under restricted flowing conditions as the well cleans up
...
...
Our original City Bank horizontal completion at GH 18-10 #1 has shown no decline since being placed on production in July 2023.

bountyhunter
16/1/2024
07:52
Croas - But you didn't include the drilling cost?
spangle93
16/1/2024
07:10
Apologies it's circa $300k
croasdalelfc
16/1/2024
07:08
20 days at 914 boepd hmmm about $50-$55kfor $2.1m spent
croasdalelfc
13/1/2024
15:35
I won't be giving them any more money as they seem to have frittered away previous cash raised, delivering less and over a longer timeframe than I had anticipated. I still hold a few in anticipation of a gas price rise (with colder weather) driving the share price higher and with one or more new wells coming online, but I won't hold my breath!
bountyhunter
13/1/2024
15:18
I'm keeping an eye on these guys to see how they perform with the 4 DUCs in inventory... If they can sort out the drilling issues and start to deliver I may consider buying in at a later time after they have raised more money to do a another drilling program and the US LNG build-out is underway...
the_gold_mine
Chat Pages: 125  124  123  122  121  120  119  118  117  116  115  114  Older

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