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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Comment by shambano1on Jul 07, 2016 9:38am

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Post# 25031048

RE:RE:RE:RE:TET & MEG Mentioned

cnooc owns a nice chunk that they paid big bucks for. I wonder if they are looking at any kind of a JV on more favourable terms.

they haven't sold their MEG shares not yet anyways, so they must like the operations and potential if oil prices recover.

they are a possibility jv partner

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