Southern Energy raises $6mln for new wells
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Southern Energy Corp is raising $6 million to invest in completing three drilled but uncompleted wells at the Gwinville project and drilling two vertical Cotton Valley wells at the Mechanicsburg project.
March 13, 2025 | 9:30 am
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Southern Energy Corp is raising $6 million to fund the completion of wells at Gwinville and new drilling at Mechanicsburg, potentially boosting future production and revenues.
The $6 million raise is directly tied to Southern Energy's plans to enhance its production capabilities by completing existing wells and drilling new ones. This investment is likely to increase future production and revenues, positively impacting the stock price.
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