SoCal Cup Hosts Largest Boys Volleyball Tournament of the Year at Los Angeles Convention Center
The SoCal Cup, the leading series of national boys volleyball events, brought its massive 'The Showcase' tournament to the Los Angeles Convention Center this past Father's Day weekend, resulting in the largest SoCal Cup event so far this year.
Owned and operated by AIM Sports Group, the three-day event drew 665 boys club volleyball teams across various age groups (12U through 18U) from all over the U.S. and beyond, driven to compete for what has become the ultimate bragging right in the sport. The SoCal Cup hosts three annual national events: this past week's SoCal Cup Showcase, the SoCal Cup Winter Formal event in December and the SoCal Cup Open Championship in January. SoCal Cup also operates regional league tournaments throughout the year.
The Showcase event, which filled the Los Angeles Convention Center, drew a crowd of about 65,000 across the three-day event, made up of a multi-generational audience of athletes, families and spectators. With attendee well-being top of mind, AIM took extra security and safety precautions in collaboration with LAPD and the L.A. Convention Center to make sure the event was safe and seamless and that local and visiting clubs and their supporters were comfortable.
'Our SoCal Cup events continue to expand year over year, nurturing the exponential growth of boys volleyball as a sport,' said AIM Sports Group Founder John Gallegos. 'We anticipate continued interest with the Olympic Games coming to L.A. in less than three years. Our mix of providing the highest-level competition, innovative technology and a genuinely entertaining experience for fans is a recipe designed to elevate youth sports for generations to come.'
Gallegos shared that AIM Sports Group is doubling down on supporting boys volleyball (and beyond) by investing in tech innovations focused on enhancing the day-to-day experience for athletes, athlete families, coaches and clubs.
'We launched a preview of our AIM+ tech platform at The Showcase to test engagement and gather real-time feedback, and the response exceeded our expectations,' said Gallegos. 'This was a crucial step in validating our product-market fit. As AIM+ evolves, we see it becoming more than a product. It's a tech-forward media and content platform designed to shape the future of youth sports.'
Gallegos noted that the AIM+ platform will be officially released and made available this fall.
'The level of competition displayed at this year's Showcase was at an all-time high,' added AIM Sports Group Executive Director of Volleyball Ali'i Keohohou. 'Having 665 club teams from across the country all playing under one roof, competing at the highest level, is a spectacle to behold. We continue to host the best teams in the country - competing in front of audiences that include many, if not all, Division 1 men's college programs.'
Information sourced from AIM Sports. Learn more by contacting pwilliams@roxunited.com.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
an hour ago
- Business Wire
Impact Communications Clients Turn Heads as 'Wealthies' Competition Unfolds for 2025 WealthManagement.com Industry Awards
LEAWOOD, Kan.--(BUSINESS WIRE)--Impact Communications, a leading marketing and PR firm exclusively serving the financial services industry, is proud to announce that eight of its nominated clients have been named finalists for the 2025 Industry Awards, widely known as "The Wealthies." This recognition highlights the exceptional innovation, leadership, and dedication demonstrated by these organizations in advancing the financial advisory and wealth management profession. 'We are absolutely thrilled for our clients and couldn't be prouder of the incredible work they've done to earn these prestigious honors.' ~ Marie Swift Share 'We are absolutely thrilled for our clients and couldn't be prouder of the incredible work they've done to earn these prestigious honors,' said Marie Swift, CEO and founder of Impact Communications. 'Seeing their vision, dedication, and industry leadership recognized at this level is exciting and energizing for our entire team. We look forward to celebrating their ongoing success in the years to come.' Among the finalists for the 2025 Industry Awards are Advyzon, Advyzon Investment Management (AIM), The Oasis Group, EncorEstate Plans, Kwanti, Syntax Data, TaxStatus, and Bogart Wealth, each recognized for their outstanding achievements in advancing the success of financial advisors. This impressive group of finalists reflects the innovation, expertise, and leadership shaping the future of wealth management. Learn more about each of these outstanding finalists and the innovations that earned them this year's recognition below. ADVYZON NAMED FINALIST IN EIGHT CATEGORIES Advyzon provides comprehensive wealth management technology, as well as investment solutions through Advyzon Investment Management (AIM), for independent advisors, financial professionals, and financial institutions. Born from a mission to transform the existing fractured experience for advisors, Advyzon's single-source platform is elegantly simple in explanation and execution, enabling firms to transform client relationships, eliminate operational roadblocks, and scale without limits. The integrated solution seamlessly combines technology and investment management, bringing together all the tools advisors need: portfolio management, performance reporting, trading and rebalancing, web portals, mobile apps, CRM, billing, and secure document storage, along with investment management services and a robust model marketplace from AIM. In 2022, Advyzon launched Advyzon Investment Management (AIM) to provide investment solutions and a model marketplace directly within the Advyzon platform. In 2023, AIM launched the Nucleus Model Marketplace, featuring hundreds of models from the industry's top third-party managers to support SMAs and UMAs alike. Chief Executive Officer of the Year – Hailin Li, Ph.D., CFA Hailin Li, CEO of Advyzon, is a finalist for CEO of the Year for his visionary leadership in transforming Advyzon into a leading all-in-one wealthtech platform for financial advisors. Since founding Advyzon in 2012, Li has overseen the launch of AIM, as well as new institutional and enterprise business lines, expanding the company's reach across every segment of the industry. He has driven innovation with the introduction of products like Auria for family offices and UHNW investors and the release of Advyzon 3.0, featuring an upgraded client portal, enhanced CRM workflows, and advanced AI capabilities. Li's hands-on approach extends to product development and client engagement, while his strategic hires and high-profile partnerships have further strengthened the company's position. Under his guidance, Advyzon's annual conference has doubled in size, and the platform has earned industry accolades for its seamless, internally-built technology. Li's commitment to continuous improvement and client-focused solutions has established Advyzon as a standout in wealth management technology, earning him recognition as a leader in the field. Technology Providers, Client Portals – Advyzon 3.0 Client Portal Delivering a more intuitive and seamless experience for both advisors and clients, the newly enhanced Client Web Portal, part of Advyzon 3.0, has landed the platform in Wealthies finalist status. Advyzon's all-in-one wealthtech solution, built from the ground up on single source code, streamlines client relationship management and business operations for independent advisors. The revamped portal provides secure, anytime access to account information, supports enhanced document sharing, and integrates deeply with Advyzon's suite of tools, empowering advisors to offer more personalized engagement and efficient collaboration. These advancements enable firms to boost efficiency, deliver superior client service, and focus on meaningful client outcomes. Technology Providers, CRM – Upgraded CRM Workflows Transforming the advisor-client experience, Advyzon's enhanced CRM Workflows have earned the platform a spot as a Wealthies finalist. Advyzon's deeply integrated, workflow-centric CRM is embedded throughout its all-in-one technology platform, streamlining client relationship management and day-to-day operations for independent advisors. The latest upgrades offer a unified interface that combines templates, automations, and actions, while tools like the improved Flow Builder, Quick Filters, and Kanban Board make workflow creation and management more intuitive and efficient. Advisors can now access emails, notes, tasks, and workflows directly from each client record, enabling faster, more personalized service and reducing manual tasks. Built from the ground up on single source code, Advyzon's platform empowers firms to operate more efficiently, deliver superior client service, and support ongoing advisor growth. Technology Providers, Rebalancing – Quantum Rebalancer Enhancements Advyzon's fully integrated rebalancer, Quantum®, has been named a Wealthies finalist for revolutionizing how advisors manage trading and rebalancing directly within the platform. Launched in Spring 2022 and built on single source code, Quantum maximizes after-tax wealth with advanced tools for location optimization, cash management, and tax-loss harvesting, while offering customizable trade preferences, robust model management, and automated monitoring. Recent enhancements further streamline portfolio management: Raise Cash Enhancements integrate cash raising with rebalancing, Manual Trading gives advisors greater control and insight into trades, and Blended Model Enhancements provide flexible trade tolerance and location preferences. Deeply integrated with Advyzon's suite of tools, Quantum empowers advisors to efficiently manage portfolios, optimize for client goals, and deliver a seamless, value-driven client experience. Technology Providers, Unified (All-in-One) Systems – Advyzon 3.0 Wealthtech Platform Advyzon has become the leading 'all-in-one' solution for financial advisors, thanks to its comprehensive platform that's been built from the ground up on single source code. Advyzon 3.0 creates a more intuitive experience for advisors and clients, allowing advisors to increase efficiencies and streamline business processes. The updates make it easier for advisors to manage client accounts and ultimately deliver a better client experience. With the creation of investment management, institutional, and enterprise business lines, Advyzon can now serve every industry segment. Advyzon is constantly enhancing its offerings in order to create the most comprehensive, intuitive, and seamless wealthtech platform. Being named a Wealthies finalist builds upon Advyzon earning the highest client satisfaction among All-In-One software for the eighth consecutive year in the 2025 T3/Inside Information Advisor Software Survey. Technology Providers, Model Marketplaces – Nucleus Model Marketplace TAMPS, Model Marketplace – Nucleus Model Marketplace Nucleus, the model marketplace within the Advyzon Investment Management (AIM) platform, has been named a finalist in the model marketplace categories as both a Turnkey Asset Management Program (TAMP) and as a technology provider. It qualified as a finalist in these categories due to the cutting-edge solution designed to empower financial advisors by providing them with access to a wide range of investment models. Nucleus' robust capabilities are a valuable resource for advisors seeking to enhance their investment capabilities and better meet their clients' needs, all while being fully integrated into Advyzon. TAMPs – Tax Optimization and Sphere Platform In 2024, AIM introduced the Tax Optimization Framework, leveraging a sophisticated tax overlay approach to enhance after-tax returns. At its core is AIM's transition optimization engine, which streamlines tax transition strategies to minimize liabilities during portfolio changes. The framework targets tax alpha by focusing on decreasing tax burdens and increasing net returns, while also being designed to reduce turnover and trading costs. Additionally, AIM employs intelligent tax loss harvesting to strategically manage clients' capital gains and optimize tax outcomes. AIM recently announced Sphere, a manager-sponsored platform that provides access to investment models developed by some of the most reputable asset managers in the world. Strategist model and platform fees are substantially decreased, allowing advisors and clients to benefit from institutional-grade strategies at a much lower cost. THE OASIS GROUP NAMED FINALIST IN TWO CATEGORIES The Oasis Group is a leading consultancy in the wealth management industry, helping wealth management and financial technology firms create and focus on their unique value proposition to attract advisors and clients, and ultimately generate higher revenue. The Oasis Group offers award-winning consulting services, industry-leading research, and compelling on-demand training for wealth management firms and the service providers who serve the wealth management industry. With extensive leadership experience in both emerging businesses and mature, established organizations, founder John O'Connell and his team are passionate about helping financial services and technology firms solve their most complex technology and sales challenges, helping clients stay focused on their growth, generate more revenue through great sales processes, build fantastic products by understanding the market and competition, and provide amazing service to their customers and clients. Professional Services Firms, Chief Executive Officer of the Year – John O'Connell John O'Connell, founder and CEO of The Oasis Group, is a Wealthies finalist recognized for his visionary leadership and impactful contributions to the wealth management industry. With over 30 years of experience in fintech and consulting, O'Connell has built Oasis into a premier consultancy specializing in technology, cybersecurity, and strategic guidance for wealth management and fintech firms. Under his direction, Oasis launched pioneering initiatives such as the AI WealthTech Map and the Vantage Point Peaks Research series, providing critical insights that help firms navigate complex technology decisions. O'Connell's thought leadership, highlighted by over 60 published articles, keynote speeches at major industry conferences, and the 2024 ThinkAdvisor Luminaries Award, has positioned him as a trusted voice driving innovation, security, and smarter technology investments across the industry. His passion for educating and empowering financial professionals continues to shape the future of wealth management technology. Industry Research Providers – Peaks Research and AI Wealthtech Map The AI WealthTech Map, a first-of-its-kind, regularly updated resource that helps firms discover leading AI solutions, and the debut of the Vantage Point Peaks Research series, which delivers in-depth, objective competitive analysis on service providers landed another finalist nod for Oasis. The research, including a comprehensive study of the RIA and BD custodian market, empowers executives with empirical, unbiased insights to make informed technology and service decisions. Under CEO John O'Connell's leadership, Oasis has been recognized for thought leadership and education, earning top consultancy honors and industry awards while expanding its newsletter subscriber base to over 100,000. Through research, consulting, and educational initiatives, Oasis drives innovation, enhances security, and supports wealth management firms in navigating an evolving technology landscape. ENCORESTATE PLANS NAMED FINALIST IN TWO CATEGORIES EncorEstate Plans is a modern estate planning platform built for financial advisors. Encore empowers advisors to offer attorney-quality estate plans as well as a fully turnkey deed recording solution through a fully digital, customizable experience. Designed for scale, ease, and compliance, the platform enables advisors to deepen relationships, retain assets, and expand their value proposition without requiring legal expertise. Advisors can guide clients through the creation of key estate documents in all 50 states, with workflows tailored to fit seamlessly into their existing practice. Encore's white-labeled solution enhances client engagement and delivers a high-touch experience under the advisor's brand. Trusted by wealth management firms nationwide, Encore is redefining how estate planning is delivered by making it accessible, efficient, and essential to holistic wealth management. Estate Planning Implementation – Standalone Deed Service EncorEstate Plan's Standalone Deed Service is a Wealthies finalist for addressing one of the most persistent gaps in estate planning: ensuring trusts are properly funded with real estate. Previously available only for plans created within Encore, this enhancement, launched in February 2025, now allows advisors to prepare and record deeds for any estate plan, regardless of origin. Available in 95% of U.S. counties, the service provides a fully turnkey process that eliminates the need for clients to rely solely on attorneys for trust funding, a step that industry estimates show is often missed in 30–60% of cases. By enabling advisors to handle deed preparation and recording, the Standalone Deed Service empowers them to close a critical implementation gap, protect clients' assets, and ensure that estate plans are truly effective. With strong early adoption and over 2,300 deed recordings facilitated in 2024, this enhancement is helping advisors deliver lasting impact and greater peace of mind to clients with both new and existing estate plans. Estate Planning Trusts – Streamlined Trust Digitization and Restatement EncorEstate Plan's Streamlined Trust Digitization and Restatement feature is a Wealthies finalist for its transformative approach to estate planning. This enhancement allows advisors to upload a client's existing trust documents and instantly receive a clear, visual summary, eliminating the need to decipher dense legal language. Advisors can then restate or amend specific sections of the trust in minutes, preserving the legal continuity of the original document and avoiding the need to re-title assets. By digitizing and summarizing legacy estate plans, the platform saves firms significant time, accelerates client decision-making, and enables precise updates without recreating entire plans. The result is a scalable, advisor-driven workflow that empowers proactive, ongoing trust maintenance, strengthening advisor-client relationships, reducing risk, and ensuring estate plans remain aligned with clients' evolving goals. This innovation turns estate planning from a one-time event into an ongoing, approachable process, making trust maintenance as seamless as trust creation. KWANTI NAMED FINALIST IN TECHNOLOGY PROVIDER, PORTFOLIO ANALYTICS PLATFORM ENHANCEMENTS CATEGORY Founded by Christophe Gauthron, CFA® and based in San Francisco, Kwanti is a portfolio analytics solution aiding financial advisors and investment managers with prospect conversion, client acquisition and retention, model management, and more by delivering portfolio analysis, investment performance data, stress testing, and proposals. The intuitive interface allows advisors to balance serving clients well and managing portfolios with data-driven expertise by combining powerful analytics and proposal generation designed to optimize time and resources. Kwanti enables advisors with talking points and puts data behind advisors' recommendations, letting advisors see performance and allocation, risk factors, holdings that contribute to success, and opportunities to reimagine a portfolio. Kwanti's multiple enhancements over the past year have helped it be named a finalist for the Technology Provider Portfolio Analytics Platform Enhancements category. These new enhancements include an enhancement to their existing integration with Advyzon, a new integration with Betterment for Advisors, the addition of the Risk Profiling tool, and the launch of xPDF. SYNTAX DATA NAMED FINALIST IN TECHNOLOGY PROVIDER, DIRECT INDEXING CATEGORY Syntax Data is a financial data and technology company that codifies business models into a relational system called Affinity® Data. Using its patented FIS® technology inspired by systems sciences, Affinity® Data offers the most comprehensive, granular, and accurate product line revenue data available on public companies in the market. This technology is leveraged to classify and analyze private markets at scale. The Syntax Direct Platform, launched last year, has landed Syntax a spot as a finalist for the Technology Provider Direct Indexing category. The platform is a seamless front-to-back solution that covers every step of the index development process, from custom indexed portfolio creation to the immediate production of daily index files that support efficient asset management. Key features of Syntax Direct support performance analysis, compliance requirements, marketing and record keeping. TAXSTATUS NAMED FINALIST IN TECHNOLOGY PROVIDERS, SPECIALIZED PLANNING APPLICATIONS CATEGORY TaxStatus provides consent-based IRS tax data, continuous IRS account monitoring, and unparalleled planning insights for advisors and their clients. The groundbreaking fintech platform enables advisors to securely and accurately obtain permission-based individual, trust, and business IRS tax records for any client or prospect. The recently-launched Financial Baseline Report has earned TaxStatus a spot as a finalist in the Technology Providers Specialized Planning Applications category. The platform provides advisors with secure, consent-based access to IRS tax data for individuals, trusts, and businesses, along with continuous account monitoring and advanced planning insights. The new report, which streamlines the onboarding process by consolidating critical financial and tax information, provides a detailed and comprehensive financial picture for any taxpayer into a single, comprehensive summary. In minutes, advisors can see important data, such as household members, adjusted gross income (AGI), effective tax rates, every income source, mortgages, deductions, and the taxpayer's status with the IRS. Advisors can access information on retirement account balances and contributions. By leveraging up to ten years of verified IRS data, TaxStatus empowers advisors to enhance efficiency, improve client outcomes, and simplify financial planning. JAMES BOGART NAMED FINALIST IN THOUGHT LEADER OF THE YEAR, INDIVIDUAL RIA FIRMS CATEGORY By delivering deep insights on personal finance topics and demonstrating broad industry expertise, James Bogart, Founder and CEO of Bogart Wealth, stands out as a finalist in the Individual RIA Firms Thought Leader of the Year category. Bogart is a sought-after speaker, recently featured on ThinkAdvisor's podcast highlighting ThinkAdvisor Luminaries Finalists, where he shared the firm's philosophy on education and its pivotal role in empowering investors, pre-retirees, and the next generation of advisors. His thought leadership has been featured in major financial publications such as Barron's, Yahoo! Finance, InvestmentNews, and Financial Planning. Barron's recently profiled Bogart and Advisor Growth Track (AGT), the proprietary in-house training program he has built from the ground up. AGT reflects Bogart's commitment to developing quality fiduciary talent for the benefit of both clients and the broader industry. Bogart Wealth's momentum is further supported by a minority, long-duration investment from Constellation Wealth Capital, enhancing the firm's client services, technology solutions, recruitment initiatives, and marketing activities. Over the past five years, Bogart Wealth has more than quadrupled assets under management organically. In the last 18 months alone, the firm has hired 10 new employees, received 14 awards and recognitions, achieved 26.25% revenue growth, 23.1% client growth, and expanded into three new markets, while maintaining a 13.7% market share in existing regions. Additionally, the firm recently welcomed Jeffrey Fuhrman as President, an experienced industry executive formerly with Coastal Bridge Advisors within the Focus Financial Partners network, further strengthening the leadership team and positioning Bogart Wealth for continued success. ABOUT THE INDUSTRY AWARDS Known as 'The Wealthies,' the Industry Awards is the only awards program of its kind that celebrates the companies, individuals, and organizations demonstrating outstanding achievement in support of financial advisor success. Now in its 11th year, the program shines a spotlight on the most innovative firms and industry leaders who are making a meaningful difference in the daily work of financial advisors. The awards are led by David Armstrong and evaluated by an independent panel of esteemed industry judges. A record-breaking 1,209 entries were submitted for the 2025 awards from more than 400 companies, with nearly 300 organizations named finalists across firm and individual categories. This year, 120 unique companies distinguished themselves with multiple finalist selections, underscoring the depth of innovation and leadership in the industry. Beyond recognition, the award competition offers participating firms valuable validation and visibility, amplifying their brand and reinforcing their commitment to advisor success. ABOUT IMPACT COMMUNICATIONS Founded in 1993 by Marie Swift, who previously served as Director of Corporate Communications for a nationally-known wealth management firm and the regional office of one of the country's largest independent broker/dealers, Impact Communications works with a select group of wealthtech companies, financial institutions such as custodians and independent broker/dealers, RIA networks and membership organizations, OSJs, allied consulting entities, wealth management firms, and independent advisors. Private coaching, on-camera training, branding and customized websites, content creation, and personalized media strategies enable Impact clients to achieve their overarching goals. The company's 3-D Framework is integral to Impact Communications' identity and long-standing success in supporting financial advisory firms and related companies with customized marketing and communication strategies. Impact Communications' 3-D Framework stands for Dedicated, Discerning, and Driven. This framework has guided the company's strategy and standards since its founding. It reflects the qualities the firm embraces to serve its clients effectively, focusing on professionalism, thoughtful decision-making, and strong motivation to achieve client success. Impact Communications uses this framework as a core principle in their marketing and PR services, helping clients build strong brands and reputations in the financial services industry. Much like its stellar list of award-winning clients, Impact Communications has been on the receiving end of many industry awards and public recognition. View client endorsements and additional information here:
Wall Street Journal
4 hours ago
- Wall Street Journal
Vulcan Two Group Seeks AIM Stock Market IPO
Vulcan Two Group said it intends to launch an initial public offering in London's junior AIM, as it seeks to lead U.K.'s online pharmacy sector. The group is focused on acquiring businesses in the online pharmacy market that operate mainly in the U.K. In the future, it could also consider investing globally, including emerging markets, it said.
Yahoo
4 hours ago
- Yahoo
Southern Energy Corp. Announces Second Quarter 2025 Financial and Operating Results and Information Regarding the Annual Meeting of Shareholders
CALGARY, AB / / August 19, 2025 / Southern Energy Corp. ("Southern" or the "Company") (TSXV:SOU)(AIM:SOUC), an established producer with natural gas and light oil assets in Mississippi, announces its second quarter financial and operating results for the three and six months ended June 30, 2025. Selected financial and operational information is outlined below and should be read in conjunction with the Company's unaudited consolidated financial statements and related management's discussion and analysis (the "MD&A") for the three and six months ended June 30, 2025, which are available on the Company's website at and have been filed under the Company's profile on SEDAR+ at All figures referred to in this news release are denominated in U.S. dollars, unless otherwise noted. SECOND QUARTER 2025 HIGHLIGHTS Petroleum and natural gas sales of $4.0 million during Q2 2025, an increase of 3% from the same period in 2024, largely due to the 61% increase in Q2 2025 natural gas pricing over Q2 2024 Average production of 11,295[1] Mcfe/d (1,883 boe/d) (96% natural gas) during Q2 2025, a decrease of 27% from the same period in 2024 In June 2025, Southern successfully completed the second of its four high quality drilled uncompleted horizontal wells ("DUCs") from the Q1 2023 drilling program - the GH Lower Selma Chalk ("LSC") 13-13 #2 wellbore. The operation was completed safely and under budget Average realized natural gas and oil prices for Q2 2025 of $3.63/Mcf and $62.60/bbl, compared to $2.26/Mcf and $80.06/bbl in Q2 2024. Southern achieved an average premium of $0.19/Mcf (approximately 6%) above the NYMEX HH benchmark in Q2 2025 Generated $0.6 million of Adjusted Funds Flow from Operations[2] in Q2 2025 ($0.00 per share basic and diluted) Net loss of $0.4 million ($0.00 per share basic and diluted) in Q2 2025, compared to a net loss of $2.6 million in Q2 2024 On April 8, 2025, Southern closed an equity financing raising aggregate gross proceeds of $5.0 million (approximately £3.9 million, C$7.2 million) through the issuance of a total of 102,482,673 new units (see "Shareholders' Equity - Share Capital" in the June 30, 2025 MD&A for full details) On April 8, 2025, Southern converted the remaining convertible debentures in the amount of $3.1 million into 62,759,286 new units and issued 1,627,170new units for all accrued and unpaid interest (see "Liquidity and Capital Resources - Debenture Financing" in the June 30, 2025 MD&A for full details of the conversion) Ian Atkinson, President and Chief Executive Officer of Southern, commented: "Southern continued to build momentum through the second quarter of 2025, supported by firming natural gas prices and the successful completion in late June of the GH LSC 13-13 #2 well in our Gwinville field, marking a key milestone in the redevelopment of our LSC inventory. Early flowback results are highly encouraging and we are particularly pleased to have completed this well at 10% below our original budget, accelerating expected payouts and reinforcing the economic viability of our broader development program. Following our $5.0 million financing in April, Southern resumed field operations with a focus on efficiency and value creation. The GH LSC 13-13 #2 well has already begun contributing significant new volumes with minimal incremental operating cost and benefited from an approximate 17% premium to Henry Hub pricing due to rising Southeast U.S. power demand during the start of summer. This premium underscores the strategic advantage of our geographic positioning and the strengthening macro backdrop. Looking ahead, we expect these new volumes to materially enhance our Q3 2025 cash flow profile. With a constructive outlook for natural gas pricing into the back half of 2025 and into 2026, combined with two additional high-quality DUCs, a deep inventory of drilling opportunities and ongoing capital discipline, Southern is well-positioned to deliver meaningful shareholder value through the remainder of the year and beyond." Financial Highlights Three months ended June 30, Six months ended June 30, (000s, except $ per share) 2025 2024 2025 2024 Petroleum and natural gas sales $ 3,989 $ 3,889 $ 9,110 $ 8,683 Net loss (411 ) (2,622 ) (4,290 ) (5,743 ) Net loss per share Basic (0.00 ) (0.02 ) (0.01 ) (0.03 ) Fully diluted (0.00 ) (0.02 ) (0.01 ) (0.03 ) Adjusted funds flow from operations (1) 592 770 1,221 2,932 Adjusted funds flow from operations per share (1) Basic 0.00 0.00 0.00 0.02 Fully diluted 0.00 0.00 0.00 0.02 Capital expenditures and acquisitions 2,285 60 2,468 329 Weighted average shares outstanding Basic 321,585 166,497 291,452 166,489 Fully diluted 321,585 166,497 291,452 166,489 As at period end Common shares outstanding 336,255 166,497 336,255 166,497 Total assets 53,333 52,269 53,333 59,269 Non-current liabilities 21,040 23,805 21,040 23,805 Net debt (1) $ (19,784 ) $ (24,159 ) $ (19,784 ) $ (24,159 ) Note: See "Reader Advisories - Specified Financial Measures". Operations Update In June 2025, Southern successfully completed the first of its three remaining DUC horizontal wells from the Q1 2023 drilling program, and its first LSC lateral - the GH LSC 13-13 #2 wellbore. Over the first 30 days of production the well averaged natural gas rates of 3.6 MMcfe/d (99% gas), which is an increase of over 100% compared to the average of the original LSC horizontal wells in Gwinville that were drilled and completed by the previous operators. The well has been flowing directly to Company facilities with all gas sold since June 26, 2025. Southern safely and efficiently completed the horizontal lateral with 25 fracture stages, placing over 5.3 million lbs of proppant - a 70% increase in proppant intensity compared to the first-generation completions. The Company implemented targeted stimulation design changes that improved the predictability and speed of the fracture operations, and most importantly, reduced the overall completion cost to $2.2 million which is over 10% below pre-job estimates. Additionally, water flowback rates from the LSC reservoir have been over 70% less than Southern's Upper Selma Chalk horizontal wells, which translates into significant initial operating cost savings of ~ $0.20/Mcfe, further improving capital returns. Southern will continue to monitor both regional natural gas pricing and well performance from the GH LSC 13-13 #2 over the upcoming months before making a decision on the completion timing of the remaining two DUC wells. Southern continues to work with Federal Energy Regulatory Commission ("FERC") staff to resolve the ongoing transportation dispute that resulted in the shut-in of approximately 400 boe/d of production from the Mechanicsburg and Greens Creek fields. Based on prescribed FERC resolution timelines, the Company expects the rate determination process to be resolved sometime in Q3 2025, at which point these production volumes will come back on-line. Outlook Southern has taken meaningful steps to strengthen its financial position in 2025, including the successful $5.0 million equity financing in April 2025, conversion of convertible debentures, and restructuring of financial covenants with lender support. These actions, combined with the early success of the GH LSC 13-13 #2 well and two additional DUCs in Gwinville, provide a clear runway for disciplined growth. The Company also continues to benefit from a fixed-price swap of 5,000 MMBtu/d at $3.40/MMBtu through December 2026, offering downside protection. With improved regional pricing and a strengthened financial foundation, Southern is well-positioned to execute its capital program and generate long-term shareholder value. Southern will continue to monitor NYMEX prices and the basis differential prices and is prepared to hedge additional volumes in a tactical manner going forward. We appreciate the continued support of our stakeholders and look forward to providing further updates on our operational progress as we work to drive long-term shareholder value. Qualified Person's Statement Gary McMurren, Chief Operating Officer, who has over 24 years of relevant experience in the oil industry, has approved the technical information contained in this announcement. Mr. McMurren is registered as a Professional Engineer with the Association of Professional Engineers and Geoscientists of Alberta and received a Bachelor of Science degree in Chemical Engineering (with distinction) from the University of Alberta. Annual Meeting of Shareholders Southern's Annual Meeting of Shareholders is to be held at the Company's offices located at Suite 2400, 333 - 7th Avenue S.W., Calgary, Alberta, T2P 2Z1, on Monday, October 27, 2025 at 10:00 a.m. (Calgary time) and by webcast via Zoom, formal notice of which is available on the Company's website and on SEDAR+ at For further information about Southern, please visit our website at or contact: Southern Energy Corp. Ian Atkinson (President and CEO) Calvin Yau (CFO) +1 587 287 5401+1 587 287 5402 Strand Hanson Limited - Nominated & Financial Adviser James Bellman / Rob Patrick / Edward Foulkes +44 (0) 20 7409 3494 Tennyson Securities - Broker Peter Krens / Jason Woollard +44 (0) 20 7186 9033 About Southern Energy Corp. Southern Energy Corp. is a natural gas exploration and production company characterized by a stable, low-decline production base, a significant low-risk drilling inventory and strategic access to premium commodity pricing in North America. 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. READER ADVISORIES MCFE Disclosure. Natural gas liquids volumes are recorded in barrels of oil (bbl) and are converted to a thousand cubic feet equivalent (Mcfe) using a ratio of six (6) thousand cubic feet to one (1) barrel of oil (bbl). Natural gas volumes recorded in thousand cubic feet (Mcf) are converted to barrels of oil equivalent (boe) using the ratio of six (6) thousand cubic feet to one (1) barrel of oil (bbl). Mcfe and boe may be misleading, particularly if used in isolation. A boe conversion ratio of 6 mcf:1 bbl or a Mcfe conversion ratio of 1 bbl:6 Mcf is based in an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. In addition, given that the value ratio based on the current price of oil as compared with natural gas is significantly different from the energy equivalent of six to one, utilizing a boe conversion ratio of 6 Mcf:1 bbl or a Mcfe conversion ratio of 1 bbl:6 Mcf may be misleading as an indication of value. Short Term Results. References in this press release to peak rates, production rates since inception, current production rates, initial 30-day productions rates and other short-term production rates are useful in confirming the presence of hydrocarbons, however such rates are not determinative of the rates at which such wells will commence production and decline thereafter and are not indicative of long-term performance or of ultimate recovery. While encouraging, readers are cautioned not to place reliance on such rates in calculating the aggregate production of Southern. The Company cautions that such results should be considered to be preliminary. Unit Cost Calculation. For the purpose of calculating unit costs, natural gas volumes have been converted to a boe using six thousand cubic feet equal to one barrel unless otherwise stated. A boe conversion ratio of 6:1 is based upon an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. This conversion conforms with NI 51-101. Boe may be misleading, particularly if used in isolation. Product Types. Throughout this press release, "crude oil" or "oil" refers to light and medium crude oil product types as defined by NI 51-101. References to "NGLs" throughout this press release comprise pentane, butane, propane, and ethane, being all NGLs as defined by NI 51-101. References to "natural gas" throughout this press release refers to conventional natural gas as defined by NI 51-101. Abbreviations. Please see below for a list of abbreviations used in this press release. 1P total proved2P proved plus probablebbl barrelsbbl/d barrels per daybcf/d billion cubic feet per dayboe barrels of oilboe/d barrels of oil per dayMcf thousand cubic feet Mcf/d thousand cubic feet per dayMMcf million cubic feet MMcf/d million cubic feet per dayMcfe thousand cubic feet equivalent Mcfe/d thousand cubic feet equivalent per dayMMboe million barrels of oilMMBtu million British thermal unitsMMBtu/d million British thermal units per dayNI 51-101 National Instrument 51-101 Standards of Disclosure for Oil and Gas ActivitiesNYMEX New York Mercantile ExchangePDP proved developed producing Forward Looking Statements. Certain information included in this press release constitutes forward-looking information under applicable securities legislation. Forward-looking information typically contains statements with words such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "propose", "project", "continue", "evaluate", "forecast", "may", "will", "can", "target" "potential", "result", "could", "should" or similar words suggesting future outcomes or statements regarding an outlook (including negatives and variations thereof). Forward-looking information in this press release may include, but is not limited to statements concerning the Company's asset base including the development of the Company's assets, positioning, oil and natural gas production levels, the Company's anticipated operational results, Southern's growth strategy and the expectation that it will continue to enhance shareholder value,Southern's expectation that improved regional pricing and a strengthened financial foundation will support execution of its capital program and long-term value creation, forecasted natural gas pricing, Southern's ability to re-initiate growth in deploying the net proceeds from the equity financing on capital expenditures, drilling and completion plans, expectations regarding commodity prices and service costs, expectations regarding the performance characteristics of the Company's oil and natural gas properties, the Company's hedging strategy and execution thereof (includingits intention to continue monitoring commodity prices and basis differentials and to hedge additional volumes as deemed appropriate), the ability of the Company to achieve drilling success consistent with management's expectations,the Company's expectations regarding completion of the two remaining DUCs and the drilling operations in the Mechanicsburgand Greens Creek fields(including the timing thereof and anticipated costs and fundingas well as the evaluation of well performance and regional natural gas pricing to inform such decisions),the Company's expectations regarding the resolution of regulatory disputes (including the anticipated timing thereof) and impact of FERC rate determinations on shut-in production volumes, the expected contribution of the GH LSC 13-13 #2 well to Q3 2025 cash flow, the Company's ability to realize sustained pricing premiums due to its strategic location in the Southeast U.S., the effect of market conditions on the Company's performance and expectations regarding the use of proceeds from all sources including the senior term loan. Statements relating to "reserves" and "recovery" are also deemed to be forward-looking statements, as they involve the implied assessment, based on certain estimates and assumptions, that the reserves described exist in the quantities predicted or estimated and that the reserves can be profitably produced in the future. The forward-looking statements contained in this press release are based on certain key expectations and assumptions made by Southern, including, but not limited to, the timing of and success of future drilling, development and completion activities, the performance of existing wells, the performance of new wells, the availability and performance of drilling rigs, facilities and pipelines, the geological characteristics of Southern's properties, the characteristics of the Company's assets, the Company's ability to comply with ongoing obligations under the senior term loan and other sources of financing, the successful application of drilling, completion and seismic technology, the benefits of current commodity pricing hedging arrangements, Southern's ability to enter into future derivative contracts on acceptable terms, Southern's ability to secure financing on acceptable terms, prevailing weather conditions, prevailing legislation, as well as regulatory and licensing requirements, affecting the oil and gas industry, the Company's ability to obtain all requisite permits and licences, prevailing commodity prices, price volatility, price differentials and the actual prices received for the Company's products, royalty regimes and exchange rates, the impact of inflation on costs, the application of regulatory and licensing requirements, the Company's ability to obtain all requisite permits and licences, the availability of capital, labour and services, the creditworthiness of industry partners, the Company's ability to source and complete asset acquisitions, and the Company's ability to execute its plans and strategies. Although Southern believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Southern can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production, the uncertainty of reserve estimates, the uncertainty of estimates and projections relating to production, costs and expenses, regulatory risks, and health, safety and environmental risks), constraint in the availability of labour, supplies, or services, the impact of pandemics, commodity price and exchange rate fluctuations, geo-political risks, political and economic instability, the imposition or expansion of tariffs imposed by domestic and foreign governments or the imposition of other restrictive trade measures, retaliatory or countermeasures implemented by such governments, including the introduction of regulatory barriers to trade and the potential effect on the demand and/or market price for the Company's products and/or otherwise adversely affects the Company, wars (including the Russo-Ukrainian war and the Israel-Hamas conflict), hostilities, civil insurrections, inflationary risks including potential increases to operating and capital costs, changes in legislation impacting the oil and gas industry, including but not limited to tax laws, royalties and environmental regulations (including greenhouse gas emission reduction requirements and other decarbonization or social policies and including uncertainty with respect to the interpretation of omnibus Bill C-59 and the related amendments to the Competition Act (Canada)), the Company's ability to meet its financial obligations and covenants, adverse weather or break-up conditions, and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. These and other risks are set out in more detail in Southern's latest Management Discussion and Analysis for the period ended June 30, 2025 and the Company's annual information form for the year ended December 31, 2024, which are available on the Company's website at and filed under the Company's profile on SEDAR+ at The forward-looking information contained in this press release is made as of the date hereof and Southern undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless required by applicable securities laws. The forward-looking information contained in this press release is expressly qualified by this cautionary statement. Future Oriented Financial Information. This press release contains future-oriented financial information and financial outlook information (collectively, "FOFI") about Southern's capital expenditures, general and administrative expenses, hedging, natural gas pricing and prospective results of operations and production, all of which are subject to the same assumptions, risk factors, limitations, and qualifications as set forth in the above paragraphs. FOFI contained in this document was approved by management as of the date of this document and was provided for the purpose of providing further information about Southern's future business operations. Southern and its management believe that FOFI has been prepared on a reasonable basis, reflecting management's best estimates and judgments, and represent, to the best of management's knowledge and opinion, the Company's expected course of action. However, because this information is highly subjective, it should not be relied on as necessarily indicative of future results. Southern disclaims any intention or obligation to update or revise any FOFI contained in this document, whether as a result of new information, future events or otherwise, unless required pursuant to applicable law. Readers are cautioned that the FOFI contained in this document should not be used for purposes other than for which it is disclosed herein. Changes in forecast commodity prices, differences in the timing of capital expenditures, and variances in average production estimates can have a significant impact on the key performance measures included in Southern's guidance. The Company's actual results may differ materially from these estimates. Specified Financial Measures. This press release provides various financial measures that do not have a standardized meaning prescribed by International Financial Reporting Standards ("IFRS"), including non-IFRS financial measures, non-IFRS financial ratios and capital management measures. These specified financial measures may not be comparable to similar measures presented by other issuers. Southern's method of calculating these measures may differ from other companies and accordingly, they may not be comparable to measures used by other companies. Adjusted Funds Flow from Operations, adjusted working capital and net debt are not recognized measures under IFRS. Readers are cautioned that these specified financial measures should not be construed as alternatives to other measures of financial performance calculated in accordance with IFRS. These specified financial measures provide additional information that management believes is meaningful in describing the Company's operational performance, liquidity and capacity to fund capital expenditures and other activities. Please see below for a brief overview of all specified financial measures used in this release and refer to the Company's MD&A for additional information relating to specified financial measures, which is available on the Company's website at and filed under the Company's profile on SEDAR+ at "Adjusted Funds Flow from Operations" (non-IFRS financial measure) is calculated based on cash flow from operative activities before changes in non-cash working capital and cash decommissioning expenditures. Management uses adjusted funds flow from operations as a key measure to assess the ability of the Company to finance operating activities, capital expenditures and debt repayments. "Adjusted Funds Flow from Operations per Share" (non-IFRS financial measure) is calculated by dividing Adjusted Funds Flow from Operations by the number of Southern shares issued and outstanding. "Net Debt" (capital management measure) is monitored by management, along with adjusted working capital, as part of its capital structure in order to fund current operations and future growth of the Company. Net debt is defined as long-term debt plus adjusted working capital surplus or deficit. Adjusted working capital is calculated as current assets less current liabilities, removing current derivative assets/liabilities, the current portion of bank debt, the warrant liability, and the current portion of lease liabilities. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. [1] Comprised of 23 bbl/d light and medium crude oil, 43 bbl/d of condensate, 5 bbl/d NGLs and 10,869 Mcf/d conventional natural gas [2] See "Reader Advisories - Specified Financial Measures" SOURCE: Southern Energy Corp. View the original press release on ACCESS Newswire Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
