Southern Energy Corp. · TSXV:SOU
Southern Energy — Investor Presentation (October 2026)
23 slides from Southern Energy's investor presentation, October 2026
Slide 1: Positioned to Deliver Sustainable Growth
Positioned to Deliver Sustainable Growth Corporate Presentation October 2026 TSXV : SOU
Slide 2: Positioned for Sustainable Growth
Positioned for Sustainable 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 through- cycle busin
Slide 3: Value Creation through Accretive Growth
Value Creation through Accretive Growth Acquisition Opportunities Organic Development Growth Strong Base Production ✓ Disciplined consolidation strategy ✓ Large scale, under-developed assets & Asset Optimization utilizing management’s proprietary with low historical recovery from database and techni
Slide 4: Organic Growth Runway
Organic Growth Runway Central Mississippi Operated Assets Williamsburg Gwinville Mechanicsburg Development Vertical HZ Vertical / Directional Mechanicsburg Type Oil / Gas Condensate Dry Gas Liquids-Rich Gas Development Early Development Early Development Infill Development Phase TVD (ft) 19,000 6,50
Slide 5: Williamsburg – Asset Summary
Williamsburg – Asset Summary 1979 1999 2008 Current Operations Development pause Field extension Cotton Valley Activity • 35 wells: 21 Active / 2 SWD / 12 In-Active HISTORY • End of original development of • Sligo / Hosston development • Re-entry of Eunice Odum 1 • 44 miles of pipeline, including ga
Slide 6: Williamsburg – High Impact Liquids Opportunity
Williamsburg – High Impact Liquids Opportunity Opportunity Overview Seminary – Cotton Valley Analog Seminary Doley #1 (2023 drill) Size • Cotton Valley closure mapped at >7200 acres Williamsburg 1+ MMbbl Talmage #1 1,000 1,000,000 Doley #1 Estimated net income • Williamsburg produced 48 API oil from
Slide 7: Terrible Creek 21-2 #2 – Cotton Valley “C” Initial Results
Terrible Creek 21-2 #2 – Cotton Valley “C” Initial Results Stabilized Rates: 2.3 MMcf/d + 50 bopd @ 435 psig FTP Next Steps: • Drilled and completed within 5% of estimated costs Q4 2026 Bring well online • Identified path to lower costs and improved drilling efficiency Monitor production & evaluate
Slide 8: Gwinville – Scalable, Multi-Zone Natural Gas Development
Gwinville – Scalable, Multi-Zone Natural Gas Development Significant Underdeveloped Gas Resource • Multi-zone production of 1.5 Tcf, 12 MMbbl, historical decline <10% 1 mile 14-6 #3 • 1+ Tcf OGIP in Selma Chalk and City Bank target zones; >100 HZ locations identified • Well-defined by hundreds of ve
Slide 9: Gwinville – Near Term Production Growth
Gwinville – Near Term Production Growth 1 Remaining High-Rate Well Ready for Completion Upper Selma Chalk Lower Selma Chalk • Successful drilling execution with the DUC having 5,100’ in length City Bank with 100% of the lateral in the high-grade porosity Drilled, Uncompleted DUC • Completion costs e
Slide 10: Gwinville – Next Step for Development
Gwinville – Next Step for Development Concept Open-Hole Multi-Lateral Horizontal Well Multi-lateral well anticipated to be ~50% of current horizontal well costs Proof Unstimulated vertical chalk tests proved productive historically GH LSC 14-06 #4 proven productivity without hydraulic stimulation Im
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 a
Slide 12: Southern’s Premium Pricing Advantage
Southern’s Premium Pricing Advantage Delivery Sales Point & Expanding LNG Export TENNESSEE U.S. LNG Export Expansion OKLAHOMA • Currently exporting ~20 Bcf/d and expect to surpass 30 Bcf/d of ARKANSAS export capacity by 2030 with current projects MISSISSIPPI ALABAMA Southern +2.6 Bcf/d in 2026 (incl
Slide 13: Positioning Southern in a Strengthening U.S. Gas Price Environment
Positioning Southern in a Strengthening U.S. Gas Price Environment Demand – Coal Retirements, AI Data Centres & LNG Exports 140 Supply – Demand Imbalance 135 • U.S. natural gas demand expected to grow to more than 135 Bcf/d in next 4 years 130 • Appalachia and Haynesville shale plays production grow
Slide 14: 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 15: Investment Thesis
Investment Thesis Why Invest in Southern Energy? Experience TEAM HAS 12 YEARS OPERATING HISTORY IN THE U.S. GULF COAST AREA • Highly experienced management team with proven track record • Extensive operations experience in southeastern U.S. core area SOUTHERN IS 13% INSIDER OWNED (NON-DILUTIVE BASIS
Slide 16: Appendix
Appendix TSXV: SOU, AIM: SOUC www.southernenergycorp.com 15
Slide 17: 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 well a
Slide 18: Southern Energy’s Gulf Coast Advantage
Southern Energy’s Gulf Coast Advantage High Profit Margin Public North American Gas Producers – 2025 Field Cash Margins • Minimal transportation costs with owned/ $4.50 operated infrastructure All-In Gathering, Processing, Transportation and Operating Cost Field Cash Margin (Before Hedging) $4.00 •
Slide 19: Southern Energy Asset Base in Mississippi
Southern Energy Asset Base in Mississippi >38,000 Acres ~10.5 MMcfe/d $103.7 MM <$1.45/Mcfe > 98% held by production (HBP) Current Production (1) 2P PV10 (2) All-In Lifting/Processing Cost Mechanicsburg Production Magee Mississippi • Liquids rich; >25 bbl/MMcf oil & NGL gas 1.4 120 • Field productio
Slide 20: Leadership Team
Leadership Team Management Team Board of Directors Experienced and successful management team Ian Atkinson, M.Sc., P. Eng. – President & CEO Ian Atkinson, P. Eng., ICD.D Athabasca Oil, Morpheus, Renaissance and Talisman Former founder and EVP of Athabasca Oil with a history of creating shareholder v
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 expendit
Slide 23: Disclaimers
Disclaimers Analogous Information This Presentation provides certain information relating to properties in proximity to the Company's properties, including the Seminary, Collins and Northeast Collins fields in Mississippi, which is "analogous information" as defined in NI 51-101. The analogous infor
Southern Energy — Investor Presentation (October 2026) on 6ix