• Southern Energy published its Q1 2026 MD&A, highlighting a joint venture to test the Cotton Valley oil prospect in the Williamsburg area.
• Partner to fund USD 1.95 million of drilling and completion costs to earn 50% working interest; Southern retains operatorship, funds remaining 50%.
• First commitment well Terrible Creek 21-2 #2 targeted to spud in late July; gross drill-and-complete budget USD 3.9 million.
• February financing raised about USD 22 million net via 2026 Debentures, equity, and a 6% GORR sale; senior credit facility retired.
• Exit net debt USD 15.89 million; Q1 output averaged 10,167 Mcfe/d due to ongoing shut-ins tied to a transportation-fee dispute.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Southern Energy Corp. published the original content used to generate this news brief on May 25, 2026, and is solely responsible for the information contained therein.