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Southern Energy closes $10M to use towards Gwinville gas field drilling

Southern Energy CEO Ian Atkinson talks about the group’s recent capital raise of $10 million, and how the group will use the proceeds. Atkinson says the capital will be used for its three well program at one of its main natural gas assets in Mississippi called the Gwinville gas field, the drilling program expected to begin in late December. He expects results to ‘more than double’ free cash flow and its total proven and probable reserves.

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Read More: Southern Energy closes $10M to use towards Gwinville gas field drilling

2021-12-01 11:56:00

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