Announcement • Jul 29
Southern Energy Corp., Annual General Meeting, Sep 30, 2026 Southern Energy Corp., Annual General Meeting, Sep 30, 2026. Reported Earnings • Apr 30
Full year 2025 earnings released: US$0.03 loss per share (vs US$0.069 loss in FY 2024) Full year 2025 results: US$0.03 loss per share (improved from US$0.069 loss in FY 2024). Revenue: US$14.4m (up 12% from FY 2024). Net loss: US$7.51m (loss narrowed 35% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings. New Risk • Feb 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 39% per year over the past 5 years. Shareholders have been substantially diluted in the past year (119% increase in shares outstanding). Minor Risk Market cap is less than US$100m (UK£12.0m market cap, or US$16.1m). Announcement • Feb 13
Southern Energy Corp. announced that it has received CAD 23.11948 million in funding On February 12, 2026, Southern Energy Corp. closed the transaction. The company raised through the issuance of (i) 17,000 7% Senior Secured Convertible Debentures at a price per Debenture of CAD 1,236.44 for gross proceeds of CAD 21,019,480 and (ii) 30,000,000 Common Shares of the company at a price per share of CAD 0.07 for gross proceeds o CAD 2,100,000, and for aggregate gross proceeds of CAD 23,119,480. On closing, the Company obtained the payout and discharge of all related security granted in connection with the prior facility. The Debentures and Shares, including the Shares issuable upon conversion or interest payment of the Debenture, are subject to a four month and one day hold period under applicable securities laws in Canada and the rules and policies of the TSXV. No finder's fees or commissions were paid in connection of the transaction. Announcement • Feb 09
Southern Energy Corp. announced that it expects to receive CAD 17.6881 million in funding Southern Energy Corp. has entered into an agreement of non-brokered private placement of senior secured convertible debentures of 17,000 of US$911.76 per debenture for gross proceeds of US$17.0 million for principal of CAD 15.59 at discount of 8.8235% original issue discount equivalent to US$1.5 million on the Debentures. and common shares of 30,000,000 for CAD 0.07 per share for gross proceeds of CAD 2.1000000 which is the total of 17.6881 on February 9,2026.The Debentures bear interest at 7% per annum on the outstanding principal amount of US$17.0 million, payable quarterly in arrears.The Debentures will be convertible at the Investor's option into Shares at a price of CAD$0.10 per Share, being a ratio of 13,700 Shares per US$1,000 principal amount of the convertible portion of the Debentures. The Debentures will mature on December 31, 2028. The principal amount attributed to the OID, being US$1.5 million, will be repaid in cash. The Investor may not convert the Debentures or receive interest in Shares if doing so would cause the Investors' ownership to exceed 19.99 percent of the outstanding Shares without prior TSX Venture Exchange clearance and shareholder approval. The Debentures will be redeemed for principal and accrued interest, though the Investor may convert prior to the closing of any such transaction. The Company has applied to have the Shares (including the Shares issuable upon conversion or interest payment of the Debenture) listed on the TSXV and admitted to trading on the AIM market of the London Stock Exchange. The Debentures will not be listed on any exchange. The transaction is expected to close on or about February 12, 2026. New Risk • Dec 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 9.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$1.1m free cash flow). Earnings have declined by 39% per year over the past 5 years. Shareholders have been substantially diluted in the past year (101% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (9.5% average weekly change). Market cap is less than US$100m (UK£15.5m market cap, or US$20.6m). Reported Earnings • Nov 19
Third quarter 2025 earnings released: EPS: US$0.001 (vs US$0.012 loss in 3Q 2024) Third quarter 2025 results: EPS: US$0.001 (up from US$0.012 loss in 3Q 2024). Revenue: US$3.46m (up 31% from 3Q 2024). Net income: US$462.0k (up US$2.52m from 3Q 2024). Profit margin: 13% (up from net loss in 3Q 2024). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has fallen by 61% per year, which means it is performing significantly worse than earnings. Announcement • Oct 28
Southern Energy Corp. Announces Board Changes Southern Energy Corp. announced that Former directors Tamara MacDonald and C. Neil Smith did not stand for re-election and have accordingly retired from the Board. The Company's Board and management team would like to sincerely thank Ms. MacDonald and Mr. Smith for their leadership, valuable contributions and dedicated service to Southern over their respective tenures. Announcement • Aug 20
Southern Energy Corp., Annual General Meeting, Oct 27, 2025 Southern Energy Corp., Annual General Meeting, Oct 27, 2025. Reported Earnings • Aug 19
Second quarter 2025 earnings released: US$0.001 loss per share (vs US$0.016 loss in 2Q 2024) Second quarter 2025 results: US$0.001 loss per share (improved from US$0.016 loss in 2Q 2024). Revenue: US$3.18m (up 8.4% from 2Q 2024). Net loss: US$411.0k (loss narrowed 84% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 6 percentage points per year, which is a significant difference in performance. Reported Earnings • May 28
First quarter 2025 earnings released: US$0.02 loss per share (vs US$0.019 loss in 1Q 2024) First quarter 2025 results: US$0.02 loss per share (further deteriorated from US$0.019 loss in 1Q 2024). Revenue: US$4.09m (up 11% from 1Q 2024). Net loss: US$3.88m (loss widened 24% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 26 percentage points per year, which is a significant difference in performance. Announcement • May 16
Southern Energy Corp. Provides Operations Update Southern Energy Corp. continues to progress its plans to complete its first Gwinvilledrilled and uncompleted (‘DUC’) welland has finalized procuring key services. Field operations are scheduled to commence on the 13-13 #2 Lower Selma Chalk horizontal well in the next few weeks, and Southern expects first production from the well during June 2025. This will be the Company's first of three planned DUC completions at Gwinville. Unrelated to Southern's current growth plans at Gwinville, Southern is involved in an ongoing dispute in which it is bringing a claim regarding what it believes are excessive transportation fees being charged by a third party midstream company associated with the Mechanicsburg and Green's Creek fields. On April 29, 2025, Southern receive confirmation that the pipelines subject to the dispute are regulated by the Federal Energy Regulatory Commission (‘FERC’). The third party made its initial response filing to the regulator which includes setting maximum allowable transportation rates, subject to FERC review and approval. Southern will work closely with FERC staff to expedite the rate determination process and, in parallel, will continue to engage with the pipeline operator to pursue an agreement on an equitable fee structure. In the interim, Southern has elected to voluntarily shut-in approximately 400 boepd of production from the Mechanicsburg and Greens Creek Fields to avoid increasing the quantum of disputed fees. This accounts for approximately 20% of Southern's production on a volumetric basis, but only approximately 10% of the Company's operating income from First Quarter 2025. This will not impact the rest of Southern's operations or the proposed DUC completions in Gwinville. New Risk • May 07
New major risk - Revenue and earnings growth Earnings have declined by 34% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 34% per year over the past 5 years. Shareholders have been substantially diluted in the past year (102% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$7.8m net loss next year). Share price has been volatile over the past 3 months (9.7% average weekly change). Market cap is less than US$100m (UK£11.9m market cap, or US$15.8m). New Risk • May 02
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 102% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (102% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$8.4m net loss next year). Share price has been volatile over the past 3 months (9.1% average weekly change). Market cap is less than US$100m (UK£11.0m market cap, or US$14.6m). Announcement • Apr 08
Southern Energy Corp. has completed a Composite Units Offering in the amount of CAD 7.4375 million. Southern Energy Corp. has completed a Composite Units Offering in the amount of CAD 7.4375 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 102,482,673
Price\Range: CAD 0.07
Discount Per Security: CAD 0.0042 New Risk • Mar 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: UK£7.48m (US$9.66m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (UK£7.48m market cap, or US$9.66m). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$8.4m net loss next year). Share price has been volatile over the past 3 months (9.3% average weekly change). New Risk • Dec 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: UK£7.71m (US$9.82m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (UK£7.71m market cap, or US$9.82m). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$8.4m net loss next year). Share price has been volatile over the past 3 months (7.8% average weekly change). Shareholders have been diluted in the past year (4.8% increase in shares outstanding). Reported Earnings • Dec 01
Third quarter 2024 earnings released: US$0.01 loss per share (vs US$0.017 loss in 3Q 2023) Third quarter 2024 results: US$0.01 loss per share (improved from US$0.017 loss in 3Q 2023). Revenue: US$2.80m (down 30% from 3Q 2023). Net loss: US$2.06m (loss narrowed 13% from 3Q 2023). Revenue is forecast to grow 59% p.a. on average during the next 2 years, compared to a 1.9% decline forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. New Risk • Nov 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (US$7.4m net loss next year). Share price has been volatile over the past 3 months (7.5% average weekly change). Shareholders have been diluted in the past year (4.8% increase in shares outstanding). Market cap is less than US$100m (UK£11.2m market cap, or US$14.3m). Board Change • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Joe Nally was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 21
Second quarter 2024 earnings released: US$0.02 loss per share (vs US$0.027 loss in 2Q 2023) Second quarter 2024 results: US$0.02 loss per share (improved from US$0.027 loss in 2Q 2023). Revenue: US$3.10m (up 6.0% from 2Q 2023). Net loss: US$2.62m (loss narrowed 30% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. New Risk • Aug 13
New major risk - Revenue and earnings growth Earnings have declined by 14% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 14% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (UK£15.2m market cap, or US$19.5m). Reported Earnings • May 29
First quarter 2024 earnings released: US$0.02 loss per share (vs US$0.008 loss in 1Q 2023) First quarter 2024 results: US$0.02 loss per share (further deteriorated from US$0.008 loss in 1Q 2023). Revenue: US$3.85m (down 6.8% from 1Q 2023). Net loss: US$3.12m (loss widened 179% from 1Q 2023). New Risk • Apr 16
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: US$5.5m Forecast net loss in 1 year: US$5.1m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (US$5.1m net loss next year). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (UK£17.0m market cap, or US$21.1m). Announcement • Apr 12
Southern Energy Corp., Annual General Meeting, Jun 20, 2024 Southern Energy Corp., Annual General Meeting, Jun 20, 2024. Announcement • Jan 16
Southern Energy Corp. Announces Preliminary Results from Its Recent Upper Selma Chalk Horizontal Well Completion in the Gwinville Field Southern Energy Corp. announced the preliminary results from its recent Upper Selma Chalk horizontal well completion in the Gwinville Field. In mid-December 2023, Southern successfully completed the first of its four drilled but uncom completed ("DUC") wells from the Company's First Quarter 2023 drilling program - the GH 14-06 #3 wellbore. Over the first 20 days of production, natural gas rates from the well exceeded 6.5 MMcf/d and averaged 5.3 MMcf/d under restricted flowing conditions as the well cleans up, recovering approximately 33% of load fluid to-date with gas produced flowing directly to Company owned facilities with all volumes sold. Southern implemented a number of stimulation design changes for this latest Upper Selma Chalk horizontal completion that improved the predictability and efficiency of the fracture operation and, more importantly, reduced the overall completion cost down to USD 2.1 million, well below budget estimates. Costs for this completion operation are approximately 40% lower than the two previous 18-10 pad Upper Selma Chalk wells that were completed earlier in 2023. Company management team has a long and successful history working together and have created significant shareholder value through accretive acquisitions, optimization of existing oil and natural gas fields and the utilization of re-development strategies utilizing horizontal drilling and multi-staged fracture completion techniques. Product Types. Throughout this press release, "crude oil" or "oil" refers to light and medium crude oil product types as defined by National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities ("NI 51-101"). References to "NGLs" throughout this press release comprise pentane, butane, propane, and ethane, being all NGLs as defined by NI 51-101. references in this press release to peak rates, IP30 and other short-term production rates are useful in confirming the presence of hydrocarbons, however such rates are not determinative of the rates at which such wells will commence production and decline thereafter and are not indicative of long-term performance or of ultimate recovery. Reported Earnings • Nov 30
Third quarter 2023 earnings released: US$0.02 loss per share (vs US$0.049 profit in 3Q 2022) Third quarter 2023 results: US$0.02 loss per share (down from US$0.049 profit in 3Q 2022). Revenue: US$4.24m (down 70% from 3Q 2022). Net loss: US$2.37m (down 136% from profit in 3Q 2022). Revenue is forecast to grow 57% p.a. on average during the next 3 years, compared to a 1.7% decline forecast for the Oil and Gas industry in the United Kingdom. Announcement • Nov 29
Southern Energy Corp. Announces Retirement of Andrew Mccreath from Board of Directors Southern Energy Corp. announced that Mr. Andrew McCreath has retired from the Company's board of directors effective to focus on other commitments. The board and management team wish to express their gratitude to Mr. McCreath for his contributions during his 5 years of service. The Company does not have any immediate plans to appoint a replacement Non-Executive Director following Mr. McCreath's departure, though will keep this position under review. Announcement • Nov 10
Southern Energy Corp. has completed a Follow-on Equity Offering in the amount of CAD 6.9238 million. Southern Energy Corp. has completed a Follow-on Equity Offering in the amount of CAD 6.9238 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 26,630,000
Price\Range: CAD 0.26
Discount Per Security: CAD 0.0156 New Risk • Nov 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (61% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (UK£24.9m market cap, or US$30.4m). Announcement • Nov 02
Southern Energy Corp. has filed a Follow-on Equity Offering in the amount of CAD 6.9355 million. Southern Energy Corp. has filed a Follow-on Equity Offering in the amount of CAD 6.9355 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 26,675,000
Price\Range: CAD 0.26
Discount Per Security: CAD 0.0156 Price Target Changed • Nov 02
Price target decreased by 13% to UK£0.97 Down from UK£1.13, the current price target is an average from 2 analysts. New target price is 519% above last closing price of UK£0.16. Stock is down 74% over the past year. The company is forecast to post a net loss per share of US$0.055 compared to earnings per share of US$0.086 last year. Price Target Changed • Oct 18
Price target decreased by 8.5% to UK£1.08 Down from UK£1.18, the current price target is an average from 2 analysts. New target price is 424% above last closing price of UK£0.20. Stock is down 60% over the past year. The company is forecast to post a net loss per share of US$0.055 compared to earnings per share of US$0.086 last year. Price Target Changed • Oct 06
Price target decreased by 10.0% to UK£1.13 Down from UK£1.25, the current price target is an average from 2 analysts. New target price is 492% above last closing price of UK£0.19. Stock is down 66% over the past year. The company is forecast to post a net loss per share of US$0.055 compared to earnings per share of US$0.086 last year. Reported Earnings • Aug 20
Second quarter 2023 earnings released: US$0.027 loss per share (vs US$0.034 profit in 2Q 2022) Second quarter 2023 results: US$0.027 loss per share (down from US$0.034 profit in 2Q 2022). Revenue: US$2.93m (down 62% from 2Q 2022). Net loss: US$3.77m (down 233% from profit in 2Q 2022). Revenue is forecast to grow 70% p.a. on average during the next 3 years, compared to a 2.6% decline forecast for the Oil and Gas industry in the United Kingdom. Announcement • Jun 17
Southern Energy Corp. Approves Director Resignations Southern Energy Corp. announced that at the annual general and special meeting (the "Annual Meeting") held on June 15, 2023 Mr. Michael Kohut and Mr. Paul Baay, who both decided not to stand for re-election at the Annual Meeting, have retired from the Company's board of directors. Price Target Changed • Jun 08
Price target increased by 8.5% to UK£1.28 Up from UK£1.18, the current price target is an average from 2 analysts. New target price is 364% above last closing price of UK£0.28. Stock is down 65% over the past year. The company is forecast to post earnings per share of US$0.10 for next year compared to US$0.086 last year. Announcement • Jun 07
Southern Energy Corp. (TSXV:SOU) acquired remaining interest in Gwinville Field from PetroTx Energy LLC. Southern Energy Corp. (TSXV:SOU) has entered into a definitive agreement to acquire remaining interest in Gwinville Field from PetroTx Energy LLC for $3.2 million on May 23, 2023. The cash consideration payable under the Transaction of $3.2 million will be funded through existing capacity from the senior secured term loan. The effective date and proposed closing date of the Transaction is June 1, 2023. The Transaction is highly accretive to Southern from an operating and financial perspective. Hannam & Partners acting as financial advisor to the Southern Energy Corp. in relation to the Transaction.Southern Energy Corp. (TSXV:SOU) acquired remaining interest in Gwinville Field from PetroTx Energy LLC on June 6, 2023. James Spinney and James Bellman of Strand Hanson acted as financial advisors to Southern Energy Corp. in the transaction. Announcement • May 24
Southern Energy Corp. (TSXV:SOU) has entered into a definitive agreement to acquire remaining interest in Gwinville Field from PetroTx Energy LLC for $3.2 million. Southern Energy Corp. (TSXV:SOU) has entered into a definitive agreement to acquire remaining interest in Gwinville Field from PetroTx Energy LLC for $3.2 million on May 23, 2023. The cash consideration payable under the Transaction of $3.2 million will be funded through existing capacity from the senior secured term loan. The effective date and proposed closing date of the Transaction is June 1, 2023. The Transaction is highly accretive to Southern from an operating and financial perspective. Hannam & Partners acting as financial advisor to the Southern Energy Corp. in relation to the Transaction. Board Change • Apr 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. Independent Non-Executive Director Joe Nally was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 19
Full year 2022 earnings released: EPS: US$0.09 (vs US$0.24 in FY 2021) Full year 2022 results: EPS: US$0.09 (down from US$0.24 in FY 2021). Revenue: US$35.5m (up 123% from FY 2021). Net income: US$9.30m (down 7.9% from FY 2021). Profit margin: 26% (down from 64% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 41% p.a. on average during the next 3 years, compared to a 3.4% decline forecast for the Oil and Gas industry in the United Kingdom. Price Target Changed • Mar 30
Price target decreased by 26% to UK£1.36 Down from UK£1.84, the current price target is an average from 3 analysts. New target price is 653% above last closing price of UK£0.18. Stock is down 48% over the past year. The company is forecast to post earnings per share of US$0.052 for next year compared to US$0.24 last year. Price Target Changed • Mar 29
Price target decreased by 8.8% to UK£1.72 Down from UK£1.89, the current price target is an average from 4 analysts. New target price is 856% above last closing price of UK£0.18. Stock is down 51% over the past year. The company is forecast to post earnings per share of US$0.18 for next year compared to US$0.24 last year. Reported Earnings • Nov 24
Third quarter 2022 earnings released: EPS: US$0.049 (vs US$0.096 in 3Q 2021) Third quarter 2022 results: EPS: US$0.049. Revenue: US$14.1m (up 268% from 3Q 2021). Net income: US$6.57m (up 52% from 3Q 2021). Profit margin: 47% (down from 113% in 3Q 2021). Revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 6.9% decline forecast for the Oil and Gas industry in the United Kingdom. Price Target Changed • Nov 22
Price target decreased to UK£1.89 Down from UK£2.05, the current price target is an average from 3 analysts. New target price is 195% above last closing price of UK£0.64. Stock is up 137% over the past year. The company is forecast to post earnings per share of US$0.27 for next year compared to US$0.24 last year. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improved over the past week After last week's 9,632% share price gain to UK£54.50, the stock trades at a forward P/E ratio of 1x. Average forward P/E is 4x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 15,039% over the past year. Reported Earnings • Aug 25
Second quarter 2022 earnings released: EPS: US$0.034 (vs US$0.079 in 2Q 2021) Second quarter 2022 results: EPS: US$0.034 (down from US$0.079 in 2Q 2021). Revenue: US$7.69m (up 179% from 2Q 2021). Net income: US$2.84m (down 8.4% from 2Q 2021). Profit margin: 37% (down from 112% in 2Q 2021). The decrease in margin was primarily driven by lower expenses. Over the next year, revenue is forecast to grow 290%, compared to a 20% growth forecast for the Oil and Gas industry in the United Kingdom. Recent Insider Transactions • Jul 29
Independent Director recently bought UK£69k worth of stock On the 26th of July, Reginald Smith bought around 125k shares on-market at roughly UK£0.55 per share. In the last 3 months, there was an even bigger purchase from another insider worth UK£80k. Insiders have collectively bought UK£665k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jul 13
Independent Director recently bought UK£80k worth of stock On the 7th of July, Andrew McCreath bought around 144k shares on-market at roughly UK£0.56 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought UK£596k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jun 21
Insider recently bought UK£71k worth of stock On the 16th of June, Dean Swanberg bought around 100k shares on-market at roughly UK£0.71 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought UK£426k more in shares than they have sold in the last 12 months. Buying Opportunity • Jun 15
Now 21% undervalued Over the last 90 days, the stock is up 137%. The fair value is estimated to be UK£0.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • May 28
First quarter 2022 earnings released: US$0.02 loss per share (vs US$0.023 loss in 1Q 2021) First quarter 2022 results: US$0.02 loss per share. Revenue: US$4.72m (up 65% from 1Q 2021). Net loss: US$1.86m (loss widened 192% from 1Q 2021). Over the next year, revenue is expected to shrink by 6.6% compared to a 24% growth forecast for the industry in the United Kingdom. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. Non-Executive Director Joe Nally was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 20
Full year 2021 earnings released Full year 2021 results: Revenue: US$15.9m (up 97% from FY 2020). Net income: US$10.1m (up US$19.0m from FY 2020). Profit margin: 64% (up from net loss in FY 2020). Over the next year, revenue is forecast to grow 72%, compared to a 43% growth forecast for the oil industry in the United Kingdom. Recent Insider Transactions • Dec 01
Non-Executive Director recently bought UK£60k worth of stock On the 24th of November, John Nally bought around 2m shares on-market at roughly UK£0.03 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought UK£271k more in shares than they have sold in the last 12 months. Reported Earnings • Nov 30
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: CA$0.02 (up from CA$0.013 loss in 3Q 2020). Revenue: CA$5.22m (up 99% from 3Q 2020). Net income: CA$5.55m (up CA$8.51m from 3Q 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 122%, compared to a 16% growth forecast for the industry in the United Kingdom. Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS CA$0.01 (vs CA$0.009 loss in 2Q 2020) Second quarter 2021 results: Revenue: CA$3.66m (up 103% from 2Q 2020). Net income: CA$3.91m (up CA$5.89m from 2Q 2020). Breakeven Date Change • Aug 12
Forecast to breakeven in 2021 The analyst covering Southern Energy expects the company to break even for the first time. New forecast suggests the company will make a profit of CA$1.83m in 2021. Earnings growth of 34% is required to achieve expected profit on schedule.