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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.


TSX:MEG - Post by User

MEG Energy Corp
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•••
Post by ztransforms173on Nov 08, 2023 1:45pm
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Post# 35724164

CC: PLANNNG A +15K BOP EXPANSION Subject To BOD APPROVAL

CC: PLANNNG A +15K BOP EXPANSION Subject To BOD APPROVAL- $ 300 million GROWTH CAPEX in 2024-2026

- $ 100 miilion PER YEAR

- MAX BOP goes from the PRESENT 110,000 to 125,000 bbls/d in 2026 {three year project between facilities, drilling and STEAMING}

- VERY COMPETITIVE $ 20,000 per flowing bitumen barrel

- CEO is CONFIDENT that USD 600 million NET DEBT TARGET will be REACHED in 2024 giving way to the EXPANSION

- 2024 CAPEX BUDGET comes out on MONDAY November 27, 2023

z173

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