Question 1

What total depth did Terrible Creek 21-2 #2 reach when the rig was released on 10 September 2026?

Accepted Answer

On 10 September 2026, Terrible Creek 21-2 #2’s rig was released after drilling to total depth of about 18,825 ft.

Question 2

How much will ICP Securities be paid for automated market making for Southern Energy?

Accepted Answer

ICP Securities’ automated market making agreement for Southern Energy is C$7,500 per month plus taxes for an initial four months, rolling into monthly renewals unless 30 days’ notice is given.

Question 3

What did the FERC order require regarding Southern Energy’s pipeline transportation access dispute?

Accepted Answer

On 6 April 2026, FERC issued an order directing settlement talks for Southern Energy’s transportation-access dispute; if talks fail, a hearing outcome is likely in H2 2026 and could affect restored throughput for previously shut-in fields.

Question 4

How much net proceeds did Southern Energy generate from its February refinancing?

Accepted Answer

The February transaction generated approximately $22.0 million of aggregate net proceeds.

Question 5

When did Southern Energy extinguish its senior credit facility and extend debt maturities?

Accepted Answer

Southern Energy extinguished its senior credit facility and extended debt maturities to December 31, 2028 in its February 2026 financing.

Question 6

What working interest will the unnamed partner receive under Southern Energy’s Cotton Valley joint venture agreement?

Accepted Answer

Under Southern Energy’s two-well Cotton Valley Joint Venture Wellbore Participation Agreement, the unnamed partner will contribute US$1.95m per commitment well for a 50% working interest.

Timeline

Southern Energy

Southern Energy completes drilling at Williamsburg test well

Southern Energy sales rise 4% despite field shut-ins

Southern Energy spuds Cotton Valley test well at Williamsburg

Southern Energy shares move up on Cotton Valley JV signing

Southern Energy's quarter boosted by its financing

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