REG - Southern Energy Corp - Directorate Change

Southern EnergyAnnouncement

16/06/2022 12:45

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RNS Number : 1709P  Southern Energy Corp.  16 June 2022

SOUTHERN ENERGY CORP. ANNOUNCES

APPOINTMENT OF NEW DIRECTOR

Calgary, Alberta - June 16, 2022 - Southern Energy Corp. ("Southern" or the
"Company") (SOU: TSXV; AIM: SOUC), a U.S.-focused, growth-oriented natural gas
producer, is pleased to announce that Paul Baay has agreed to join the
Company's board of directors (the "Board") as a Non-Executive Director,
subject to the completion of customary due diligence required in accordance
with the AIM Rules for Companies. Mr. Baay previously acted as a special
advisor to Southern, and brings over 25 years of experience leading oil and
gas exploration and production companies to the Board.

All of the nominees listed in the Company's management information circular
dated May 2, 2022 (the "Information Circular"), were elected as directors of
the Company until the next annual meeting of shareholders or until their
successors are elected or appointed.

Mr. Baay has over 30 years of experience leading energy companies and is
currently the President and Chief Executive Officer of Touchstone Exploration
Inc., which he established in July 2010. Prior thereto, Mr. Baay was Managing
Director of Abacus Energy, part of Abacus Private Equity from 2007 through
2010 and was a Senior Officer of True Energy Inc. from 2000 through 2007. From
2005 to 2012 he was the Chair of the Board of Directors of Vero Energy Inc.
From 1998 to 2000 he was the Chair of the Board of Directors of Request
Seismic Surveys Ltd. and served as President, Chief Executive Officer, and
Director of Remington Energy Ltd. from 1991 to 1999.

 

Mr. Baay is a Director of the Board of Directors of Octavia Energy
Corporation, Vice Chair of the Board of Directors of the Alberta Foundation
for the Arts and is a member of the Board of Trustees of the National Art
Gallery of Canada. He is a member of the Institute of Corporate Directors and
is a graduate of the University of Western Ontario, with a BA in
administrative and commercial studies.

 

All other items of business put forward to shareholders at yesterday's annual
general and special meeting of shareholders were approved. For further
details, please review the Information Circular under the Company's SEDAR
profile at www.sedar.com (http://www.sedar.com) .

Bruce Beynon, Non-Executive Chairman, commented:

"The Board and I are thrilled that Paul has agreed to join the Board as a
Non-Executive Director of the Company. Paul's experience across the oil and
gas industry and capital markets has been of significant value in his role as
an advisor to the Company and we look forward to working even closer with him
in the near future.

This is an important period for our company, and we are pleased to be adding
further expertise to our already strong board."

About Southern Energy Corp.

Southern Energy Corp. is a 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:

Southern Energy Corp.

Ian Atkinson (President and
CEO)
+1 587 287 5401

Calvin Yau (VP Finance and
CFO)
+1 587 287 5402

 

Strand Hanson Limited - Nominated & Financial Adviser      +44 (0) 20
7409 3494

James Spinney / James Bellman

 

Hannam & Partners - Joint
Broker
+44 (0) 20 7907 8500

Samuel Merlin / Ernest Bell

 

Canaccord Genuity - Joint
Broker
+44 (0) 20 7523 8000

Henry Fitzgerald-O'Connor / James Asensio

 

Camarco
+44 (0) 20 3757 4980

James Crothers / Billy Clegg / Hugo Liddy

 

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term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

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