Southern Energy Corp

Southern Energy Corp. has successfully drilled and cased the Terrible Creek 21-2 #2 Cotton Valley vertical well in the Williamsburg Field, releasing the drilling rig on September 10, 2026. The well reached a total depth of approximately 18,825 feet and encountered numerous prospective sands in the Sligo, Hosston, and Cotton Valley formations. Completion and testing operations will begin in the Cotton Valley formation, with test results to follow once available. President and CEO Ian Atkinson said the well was drilled safely, on budget, and from spud date to total depth in less than 22 days, making it one of the fastest wells in the area to reach depths greater than 18,500 feet. Atkinson added that the company identified several efficiencies it expects to apply to future wells to further optimize drill times and capital costs.

Southern Energy Corp. has spudded the Terrible Creek 21-2 #2 Cotton Valley test well in the Williamsburg Field, the first of two farm-out commitment wells planned for this year. The company will pay roughly 50% of the gross drill and completion costs of US$3.9 million per well, corresponding to a 50% working interest. The well is expected to be drilled to a planned total depth of approximately 19,000 feet, with completion and testing operations to commence after the drilling rig is moved off site. Separately, Southern has engaged ICP Securities Inc. to provide automated market making services for a monthly fee of C$7,500, effective August 10, 2026, for an initial four-month term.