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MEG Energy Corp MEGEF


Primary Symbol: T.MEG

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.


TSX:MEG - Post by User

Post by ztransforms173on Jul 28, 2023 10:59am
547 Views
Post# 35561539

2023 EXIT BOP Of 110,000 bbls/d At A SOR of 2.20

2023 EXIT BOP Of 110,000 bbls/d At A SOR of 2.20- H2/2023 BOP is projected to come in at 105,000 bbls/d

- making STEADY PROGRESS with SMALL INCREMENTAL IMPROVEMENTS in the SOR as the UNDERGROUND steam delivery AUTOMATION is OPTIMIZED


- there is NO DOUBT that MEG has put OPERATIONAL RELIABITY at the top of it's goals along with an IMPECCABLE SAFETY RECORD

- however, there are CHALLENGES in getting the RIGHT PEOPLE to do the service contract work and hiring them is getting WAY MORE EXPENSIVE

z173

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