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Bullboard - Stock Discussion Forum 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... see more

TSX:MEG - Post Discussion

MEG Energy Corp > 2023 EXIT BOP Of 110,000 bbls/d At A SOR of 2.20
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Post by ztransforms173 on Jul 28, 2023 10:59am

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
Comment by matt2018 on Jul 31, 2023 9:35pm
great updates z ...... appreciate your time. I like the assets and what Evans is doing here.
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