Oil and gas producer Southern Energy Corp concentrates on areas with proven low-cost producing assets, with the current focus in Mississippi. The strategy is to grow production through acquisitions.
Alberta-based Southern Energy plans to increase production to 25,000 barrels of oil per day over the next two year. This will require larger acquisitions than in the past.
Cash is being generated, but there is also substantial debt. That means that share issues, whether it will be to pay for acquisitions or to raise cash, will be likely. That is why Southern Energy wanted to join AIM. ...
