GALLATIN, TN--(Marketwired - February 17, 2015) - Southern Energy Group, Inc. (SEG) announced the acquisition of the Cude "C" Lease located in Caldwell County, TX. The Cude "C" Lease will be the recipient of a multi-well re-stimulation and secondary recovery project for the Austin Chalk, Dale Lime, and Serpentine Plug reservoirs and consist of 11 oil wells. The subject lease, located in the Buchanan Field as an extension of the prolific Luling-Branyon oil field, is ideally located along the up-thrown side of the Luling-Branyon Fault, thereby increasing the productive potential of the multiple reservoirs and maximizing well production.
Southern Energy Group, Inc. is engaged in the oil and gas business, with operations located primarily in Texas. The Company's ultimate strategic focus is the development of productive oil and natural gas properties, resulting in improvement in the production of its reserves. The Company believes that its oil and natural gas development strategy will provide long-term growth to the Company with limited risk. Robert Dorrance, President, stated, "SEG is excited to have purchased a stake in the Cude "C" Lease in Caldwell County, Texas as we continue to aggressively add substantial value to the company and for our partners with productive assets, while significantly expanding our presence in the area."
About Us:
Southern Energy Group is a Tennessee based oil & natural gas exploration, development, and production company with operations located primarily in Texas. SEG and its experienced management team are well situated to take advantage of the many opportunities that are present in today's energy markets. SEG feels that its low development and lift costs allow superior performance and profitability in today's booming energy market.
Forward-Looking Statement
This press release may contain "forward-looking statements" defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described herein. Although the Company believes that the expectations in such statements are reasonable, there can be no assurance that such expectations will prove to be correct.
Contact:
Southern Energy Group, Inc.
1531 Hunt Club Blvd., Ste. 210
Phone: 800-701-9830
Fax: 615-815-1954
Website: www.segiusa.com
Email: info@segiusa.com
