MEG Energy Corp T.MEG

Alternate Symbol(s): MEGEF

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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MEG Energy Corp

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Post by ztransforms173on Nov 27, 2023 10:22pm

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Post# 35755533

MEG Chistina Lake SAGD Site Is EXTREMELY CAPITAL EFFICIENT

- a CAPEX of ONLY $ 300 million to INCREASE BOP by 15,000 bbls/d {over 3 years} meaning that the PER UNIT COST is ONLY
$ 20,000 PER FLOWING BOP BARREL

- a SUSTAINING CAPEX of ONLY $ 11.71 per barrel per year based on the MID-POINT BOP of 105,000 bbls/d in 2024 and the LOWEST OPERATING COSTS in the Canadian crude oil industry

* this is UNDER HIGH SERVICE COST INFLATION (+15% YOY) and reports of SKILLED LABOR SHORTAGES

z173

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