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.

TSX:MEG - Post by User

MEG Energy Corp > GOOD News For Canadian Heavy Oil Producers !!!

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Comment by Fuzman5902on Dec 10, 2021 12:24pm

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Post# 34219022

RE:GOOD News For Canadian Heavy Oil Producers !!!

Yes this is good news, although they did mention between 200 & 300K

Averaging 250K this amounts to around 90 million barrels that's a lot of oil.

More fun & games.

Regards

Fuz

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