Equity Capital Markets and Advisory Business, Auctus Advisors

Auctus Advisors

Equity Capital Markets and Advisory Business

Auctus Advisors is a specialist Equity Capital Markets and Advisory business with a focus in the Energy Sector. The partners have complementary skill sets, with decades of experience across Equity Capital Markets, Investment Banking and the Energy industry. We have worked at Société Générale, Canaccord Capital, BMO Capital Markets and Schlumberger. Most recently we have worked together for many years at GMP FirstEnergy. Auctus has been set up at the beginning of a new decade in which we see significant opportunities in the Energy space. Globally, demand for energy is at record levels and continues to grow. Conversely, investment in traditional energy sources has been severely constrained. We believe this imbalance creates opportunities for both companies and investors. Auctus provides Corporate Broking, Equity Research and Investment Banking services.

Equity Bottom-Up

<ul><li>• 2Q26 production averaged 1,743 boe/d, broadly in line with expectations.</li><li>• The transportation dispute that has shut in ~400 boe/d from the Mechanicsburg and Greens Creek fields continues.</li><li>We continue to assume a resolution by end‑3Q26, with production resuming in 4Q26.</li></ul>

• 2Q26 production averaged 1,743 boe/d, broadly in line with expectations.• The transportation dispute that has shut in ~400 boe/d from the Mechanicsburg and Greens Creek fields continues.We continue to assume a resolution by end‑3Q26, with production resuming in 4Q26.

Southern Energy Corp. (SOUC LN/SOU CN): 2Q26 in line. Williamsburg well result still expected in September

<ul>
<li>Drilling has begun on the Terrible Creek 21‑2 #2 Cotton Valley test well at Williamsburg, the first of a two‑well programme.</li>
<li>Southern holds a c.</li>
<li>50% WI in both wells, with a net drilling and completion cost of US$3.9 mm, slightly below prior guidance of US$4 mm.</li>
</ul>


Drilling has begun on the Terrible Creek 21‑2 #2 Cotton Valley test well at Williamsburg, the first of a two‑well programme.
Southern holds a c.
50% WI in both wells, with a net drilling and completion cost of US$3.9 mm, slightly below prior guidance of US$4 mm.


Southern Energy Corp. (SOUC LN/SOU CN): Results of high impact drilling at Williamsburg expected in September

Smartkarma AI Primers, Smartkarma

αSK Primers

Smartkarma AI Primers

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

<ul>
  <li>
<a href="https://smartkarma.com/entities/southern-energy-corp">Southern Energy</a> is a conventional oil and gas producer focused on the Southeast Gulf States, currently navigating operational challenges while pursuing growth through strategic partnerships.</li>
  <li>Recent financial performance has been weak, characterized by revenue volatility and net losses, reflecting production downtime and commodity price fluctuations.</li>
  <li>Key near-term catalysts include the resolution of a transportation dispute, the spudding of new liquid-rich wells at its Williamsburg project, and restarting production from currently offline wells.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  
Southern Energy is a conventional oil and gas producer focused on the Southeast Gulf States, currently navigating operational challenges while pursuing growth through strategic partnerships.
  Recent financial performance has been weak, characterized by revenue volatility and net losses, reflecting production downtime and commodity price fluctuations.
  Key near-term catalysts include the resolution of a transportation dispute, the spudding of new liquid-rich wells at its Williamsburg project, and restarting production from currently offline wells.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: Southern Energy (SOUC LN) - Aug 2026

<ul><li>• 1Q26 production averaged 1,695 boe/d, reflecting compressor downtime and several wells being temporarily offline.</li><li>We forecast ~1,750 boe/d for 2Q26.</li><li>• We expect greater visibility on the transportation dispute by mid‑July, which should allow the restart of ~400 boe/d from Mechanicsburg and Greens Creek.</li></ul>

• 1Q26 production averaged 1,695 boe/d, reflecting compressor downtime and several wells being temporarily offline.We forecast ~1,750 boe/d for 2Q26.• We expect greater visibility on the transportation dispute by mid‑July, which should allow the restart of ~400 boe/d from Mechanicsburg and Greens Creek.

Southern Energy Corp. (SOUC LN/SOU CN): Strategic partner for 2x liquid-rich wells at Williamsburg adds credibility to the play

<ul>
<li>4Q25 production of 1,933 boe/d was in line with our forecasts and there were no surprises in the 4Q25 financials.</li>
<li>Near‑term attention now shifts to the first liquids‑rich well at Williamsburg, scheduled to spud in late June.</li>
<li>The potential prize is significant, offering exposure to WTI pricing rather than Henry Hub.</li>
</ul>


4Q25 production of 1,933 boe/d was in line with our forecasts and there were no surprises in the 4Q25 financials.
Near‑term attention now shifts to the first liquids‑rich well at Williamsburg, scheduled to spud in late June.
The potential prize is significant, offering exposure to WTI pricing rather than Henry Hub.


Southern Energy Corp. (SOUC LN/SOU CN): First liquid-rich well at Williamsburg to spud in June

Canada

Southern Energy is an oil and natural gas exploration and production company focused on acquiring and developing conventional natural gas and light oil resources. The company's primary assets are located in the Southeast Gulf States of Mississippi, Louisiana, and East Texas. Southern Energy was founded in 2008 and is headquartered in Calgary, Alberta, Canada.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Southern Energy (SOUC LN)

Southern Energy Corp. (SOUC LN/SOU CN): 2Q26 in line. Williamsburg well result still expected in September

• 2Q26 production averaged 1,743 boe/d, broadly in line with expectations. • The transportation dispute that has shut in ~400 boe/d from the...

Auctus Advisors

Southern Energy Corp. (SOUC LN/SOU CN): Results of high impact drilling at Williamsburg expected in September

Drilling has begun on the Terrible Creek 21‑2 #2 Cotton Valley test well at Williamsburg, the first of a two‑well programme. Southern holds a...

Auctus Advisors

Primer: Southern Energy (SOUC LN) - Aug 2026

Southern Energy is a conventional oil and gas producer focused on the Southeast Gulf States, currently navigating operational challenges while...

αSK Primers

Southern Energy Corp. (SOUC LN/SOU CN): Strategic partner for 2x liquid-rich wells at Williamsburg adds credibility to the play

• 1Q26 production averaged 1,695 boe/d, reflecting compressor downtime and several wells being temporarily offline. We forecast ~1,750 boe/d for...

Auctus Advisors

Southern Energy Corp. (SOUC LN/SOU CN): First liquid-rich well at Williamsburg to spud in June

Near‑term attention now shifts to the first liquids‑rich well at Williamsburg, scheduled to spud in late June.The potential prize is significant,...

Auctus Advisors

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)