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.

TSX:MEG - Post by User

MEG Energy Corp > MEG Expects To Pay A Staggering 20+% Royalty Rate in Q2/2023

<< Previous

Bullboard Posts

Next >>

Comment by jleer42on Jun 02, 2023 9:49am

415 Views

Post# 35476679

RE:RE:RE:MEG Expects To Pay A Staggering 20+% Royalty Rate in Q2/2023

The government. Easiest to think of it as a tax. They start at a flat rate - I think 5% - once the well recovers its costs the rate will go up. Post pay-out there is a sliding scale with royalties of 10% - 40%.

I'm not a royalty expert, so the above may not be exact, but the general idea is correct.