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MEG Energy Corp T.MEG

Alternate Symbol(s):  MEGEF

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

Comment by aegisfang9on Nov 24, 2023 11:16am
185 Views
Post# 35751563

RE:Line Fill

RE:Line FillI was wondering about line fill commitments and how it works.

Obviously, existing production gets diverted from current export destinations and is used for this. I assume that TMX would not be compensating in $$ for this diversion. Thus, if line fill occured in, February say, then our production for that month would relect the lower revenue. 

Is revenue for this oil lost for good (or until pipeline is decommssioned far in the future)?

Aegis
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