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 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 > Very pleasantly surprised

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Comment by Fuzman5902on May 09, 2022 7:36am

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Post# 34666070

RE:RE:RE:RE:RE:RE:RE:RE:Very pleasantly surprised

Q2 average production will be reduced @ least 20,000 barells. This with the increased capex they

might & this may be stretching it have upwards of 400M in fcf. for the quarter.

Obviously i have no idea what prices may average the next 5-6 months but if prices remain flat the

2nd debt level will probably be hit sometime in Sept.

Regards

Fuz

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