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 Oct 28, 2016 11:20am

54 Views

Post# 25398304

RE:RE:RE:chart

both

as they roll out their infill technology to the more mature well pairs, and drill infill wells to capture more oil, then this frees up steam that they can use in newly drilled well pairs.

so yes SOR maybe keeps dropping to the lowest in the industry and they slowly but surely increase produciton.

eMSAGP growth

• Builds off success of eMSAGP on Phases 1 and 2 • To be applied to Phase 2B wells over the next two years as the reservoir is ready for eMSAGP application • Involves drilling infills and SAGD wells • Tremendous flexibility on pace of growth on a well-by-well basis

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