MEG Energy Corp T.MEG

Alternate Symbol(s): MEGEF

Energy Oil & Gas Refining & Marketing

MEG Energy Corp. is a Canada-based energy company focused on in-situ thermal oil production in the southern Athabasca oil 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 economic recovery of oil. 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 BargainHunter88on May 03, 2016 11:30pm

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Post# 24839175

Devon expects Access Pipeline sale to be announced in Q2

The following statement was found in Devon's Q1 report.

"The Company is negotiating a sale for its 50 percent interest in the Access Pipeline which services Devon’s thermal heavy oil operations in Canada. The Company expects to announce a sale of the pipeline in the first half of 2016."

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