Southern Energy Corp. is a Canada-based company, which is engaged in producing oil and gas. The Company has oil and gas interests in properties located in the south-eastern United States, primarily in Mississippi. It is focused on building value through the consolidation and development of gas and oil assets in the south-eastern United States, where there are a series of mature basins with producing assets. It has controlling operated interests in properties covering approximately 30,000 net acres in the Mississippi Interior Salt Basin (MISB), which include its two principal properties; Mechanicsburg and Mount Olive East, and approximately 3,000 net acres in the Black Warrior Basin. The majority of its leases contain producing wells and are held by production, requiring no additional drilling or operations for the it to maintain its existing interest. It holds working interests in some small oil and gas producing assets in the Black Warrior Basin area of north-east Mississippi.