Southern Energy Corp.'s Revenues Jump 25 Percent in 2023 Amid Higher Production Volumes

Southern Energy Corp., an independent oil and gas company focused on natural gas-weighted assets in the southeastern United States, has seen its SOU stock trade around CAD 0.44 on the TSX Venture Exchange as of April 30, 2024.

The company generated approximately CAD 24 million in total revenue for fiscal 2023, a 25 percent increase from the previous year's CAD 19 million, driven by higher production volumes and supportive US gas pricing.

Southern Energy achieved average daily production of around 2,700 barrels of oil equivalent per day in 2023, compared with approximately 2,100 boe per day in 2022, highlighting volume growth as a key factor in revenue expansion.