Southern Energy Corp. ("Southern" or the "Company") (TSXV:SOU)(AIM:SOUC), a U.S.-focused, growth-oriented oil and natural gas producer, announces that pursuant to the Company's Stock Option Plan (the "Plan"), an aggregate of 11,425,000 stock options to purchase common shares of the Company ("Options") were granted to directors, officers and employees of Southern as part of our overall compensation and employee retention program. The Options expire five years from the date of grant and are exercisable at a price of $0.07 per common share. The Options vest as to one third on the grant date and one third on each of the first and second anniversaries of the grant date
About Southern Energy Corp.
Southern Energy Corp. is an oil and natural gas exploration and production company. Southern has a primary focus on acquiring and developing conventional natural gas and light oil resources in the southeast Gulf States of Mississippi, Louisiana, and East Texas. Our 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.
For further information, please contact:
Ian Atkinson (President and CEO)
Calvin Yau (VP Finance and CFO)
+1 (0) 587 287 5401
+1 (0) 587 287 5402
Strand Hanson Limited - Nominated & Financial Adviser
James Spinney / James Bellman
Hannam & Partners - Joint Broker
Sam Merlin / Ernest Bell
Canaccord Genuity - Joint Broker
Henry Fitzgerald-O'Connor / James Asensio
+44 (0) 20 7409 3494
+44 (0) 20 7907 8500
+44 (0) 20 7523 8000
James Crothers, Billy Clegg, Daniel Sherwen
|+44 (0) 20 3757 4980|
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SOURCE:Southern Energy Corp.
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