Southern Energy Corp. · TSXV:SOU
Southern Energy — Investor Presentation (July 2025)
23 slides from Southern Energy's investor presentation, July 2025
Slide 1: Positioned to Deliver Significant Near-Term Growth
Positioned to Deliver Significant Near-Term Growth Corporate Presentation July 2025 TSXV : SOU
Slide 2: Southern Energy - Positioned for Significant Growth
Southern Energy - Positioned for Significant Growth High quality Gulf Coast assets receiving premium pricing • Premium natural gas pricing above NYMEX (Henry Hub) • Stable base production and cash flow with long reserve life AIM, TSXV Listings • Low cost, high margin operations support profitable th
Slide 3: Focused on Value Creation through Accretive Growth
Focused on Value Creation through Accretive Growth Acquisition Opportunities Organic Development Growth Strong Base Production Disciplined consolidation strategy Large scale, under-developed assets utilizing management’s proprietary with low historical recovery from & Asset Optimization database
Slide 4: Strong Fundamentals for the Future of U.S. Natural Gas Pricing
Strong Fundamentals for the Future of U.S. Natural Gas Pricing Positioning Southern for the Future of Natural Gas Significant Incremental Demand in Next Several Years • Additional 10+ Bcf/d LNG export capacity under construction & commissioning; capacity will exceed 24 Bcf/d in next 5 years • Artifi
Slide 5: Positioning Southern in a Strengthening U.S. Gas Price Environment
Positioning Southern in a Strengthening U.S. Gas Price Environment The Growing U.S. Natural Gas Supply & Demand Imbalance 120 • U.S. natural gas demand expected to grow by over 15 Bcf/d in next 4 years Existing infrastructure 115 No Current • Demand growth forecasted to be driven by large increase i
Slide 6: Macro Backdrop – U.S. Gas Demand
Macro Backdrop – U.S. Gas Demand Demand Driver - Expanding LNG Export Proximity to LNG U.S. LNG Export Capacity Export (Bcf/d) • Gulf Coast LNG export additions are expected to add 10+ Bcf/d in the next four 35 years; a 75% increase from today’s levels AR Total Potential Other Certificated Rio Grand
Slide 7: Gwinville – Scalable, Multi-Zone Natural Gas Redevelopment
Gwinville – Scalable, Multi-Zone Natural Gas Redevelopment Significant Underdeveloped Gas Resource 2022/2023 Development Program Summary • Multi-zone production of 1.5 Tcf, 12 MMbbl, historical decline < 10%; historically, Successfully drilled 10 horizontal wells; Completed 8 wells to date largest g
Slide 8: Gwinville – Scalable, Multi-Zone Natural Gas Redevelopment
Gwinville – Scalable, Multi-Zone Natural Gas Redevelopment Appraisal Program Results 1 mile • Achieved pacesetter wells and associated cost efficiencies with larger program • Step-change well improvement from EOG/Penn Virginia Gen 1 HZ wells in 2005 - 2010 14-6 #3 • Early well results/pressures prov
Slide 9: GH LSC 13-13 #2 Early Completion Results
GH LSC 13-13 #2 Early Completion Results Completion Execution • Final actual cost of $2.2 million versus original $2.5 million estimate: ‒ Significant efficiencies achieved to accelerate the fracture pumping schedule ‒ Further initiatives identified to lower future completion costs to ~ $1.8 million
Slide 10: Continued Gwinville Production Ramp Up
Continued Gwinville Production Ramp Up 2 Remaining High-Rate Wells Ready for Completion Upper Selma Chalk Lower Selma Chalk • Successful drilling execution with the 2 DUCs averaging 5,400’ in City Bank length with ~ 95% of the laterals in the high-grade porosity Drilled, Uncompleted DUC • Completion
Slide 11: Mechanicsburg Liquids Rich Gas Development
Mechanicsburg Liquids Rich Gas Development Low-Risk Infill Drilling • Current production capacity is 1.4 MMcfe/d comprised of 14% liquids • Existing infrastructure includes a company owned gas plant and gathering system with ample capacity and frac water supply pit Tinsley • 6 vertical locations are
Slide 12: Opportunity Rich Consolidation Fairway
Opportunity Rich Consolidation Fairway Strategic Advantage Consolidation & Development Focus Area • Self-generated opportunities utilizing proprietary database • Digital workflow has proven management successful in previous companies Oklahoma • Significant amount of work completed in advance on mult
Slide 13: Investment Thesis
Investment Thesis Why Invest in Southern Energy? Experience • Highly experienced management team with proven track record TEAM HAS 10 YEARS OPERATING HISTORY IN THE U.S. GULF COAST AREA • Extensive operations experience in southeastern U.S. core area SOUTHERN IS 13% INSIDER OWNED (NON-DILUTIVE BASIS
Slide 14: Appendix
Appendix TSXV: SOU, AIM: SOUC www.southernenergycorp.com 13
Slide 15: Mississippi Oil & Gas History – Home of Core Assets
Mississippi Oil & Gas History – Home of Core Assets Mississippi Oil & Gas Highlights > 2.0 > 10 > 34,000 Billion bbl cumulative oil Tcf cumulative gas Wells drilled to date • Significant hydrocarbon recovery – Superior production on a per well basis than Texas or Louisiana • First commercial oil wel
Slide 16: Southern Energy’s Gulf Coast Advantage
Southern Energy’s Gulf Coast Advantage High Profit Margin Public North American Gas Producers – 2024 Field Cash Margins • Minimal transportation costs with owned/ $3.00 operated infrastructure All-In Gathering, Processing, Transportation and Operating Cost Field Cash Margin (Before Hedging) • Enable
Slide 17: Southern Energy Asset Base in Mississippi
Southern Energy Asset Base in Mississippi > 38,000 Acres ~ 13 MMcfe/d $110.1 MM < $1.25/Mcfe > 98% held by production (HBP) Current Production (1) 2P PV10 (2) All-In Lifting/Processing Cost Mechanicsburg Production Magee • Liquids rich; > 25 bbl/MMcf oil & NGL gas 1.4 Mississippi 25 • Field producti
Slide 18: Leadership Team
Leadership Team Experienced and successful management team with a history of creating shareholder value together Strong technical expertise combined with a modern approach to data and workflow creates proven early mover advantage Ian Atkinson Calvin Yau Gary McMurren Jim McFadyen Jeff Forrester Ryan
Slide 19: Board of Directors
Board of Directors Experienced and talented leadership to guide the Execution of Southern Energy’s Business Plan Board of Directors Ian Atkinson, P. Eng., ICD.D Bruce Beynon, P. Geol. (Chairman) Former founder and EVP of Athabasca Oil Vice President, Light Oil at Athabasca Oil Former VP Engineering
Slide 20: Modern Energy Company - Environment, Social & Governance
Modern Energy Company - Environment, Social & Governance Southern’s near term mission is to support the U.S. transition to cleaner sources of electricity generation by delivering low cost, conventional natural gas Core Values at Southern – Not Buzz Words Central Mississippi Operations Team Environme
Slide 21: Disclaimers
Disclaimers General The information contained in this presentation (the "Presentation") has been provided solely for informational purposes and does not purport to be comprehensive or contain all the information that may be required by recipients to evaluate Southern Energy Corp. ("Southern" or the
Slide 22: Disclaimers
Disclaimers All figures in USD unless otherwise specified FOFI This Presentation contains future-oriented financial information and financial outlook information (collectively, "FOFI") about Southern's prospective results of operations, production, investor yields, working capital, capital expenditu
Slide 23: Disclaimers
Disclaimers Analogous Information This Presentation provides certain information relating to properties in close proximity to the Company's properties, which is "Analogous Information" as defined by applicable securities laws. This analogous information is derived from publicly available information