MEG Energy Corp MEGEF

Primary Symbol: T.MEG

Energy Oil & Gas E&P

MEG Energy Corp. is a Canada-based energy company focused on sustainable in-situ thermal oil production in the southern Athabasca region of Alberta, Canada. The Company is engaged in the development of enhanced oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the responsible economic recovery of oil, as well as lower carbon emissions. It transports and sells thermal oil (AWB) to customers throughout North America and internationally. The Company owns a 100% interest in over 410 square miles of mineral leases in the southern Athabasca oil region of Alberta, Canada and is primarily engaged in sustainable in situ thermal oil production at its Christina Lake Project. Christina Lake Project is a multi-phased project, located 150 kilometers south of Fort McMurray in northeast Alberta. It comprised of approximately 200 square kilometers of leases.

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Comment by Oldnaggeron Jan 30, 2023 7:20am

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Post# 35253452

RE:RE:Looks like

My best guess would be 9 days supply based on the distance . So 590 x 9 = 5310 kbbls
While I am here , you guys should have a look at IPCO . Nuttall keeps saying that MEG can buy itself out. I am convinced that IPCO will buy itself out. They are already well on the way and if not well, they have a huge volume of contingent Heavy Crude Resources that can be had for a song .
BTW the contingent resources have already been successfully developed for several years now and are overdue to be reclassified as either proved or probable . Why has management not already re-classified them ?? Hmmm !!

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