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

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Post by ztransforms173on Jul 25, 2024 6:49pm

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Post# 36148966

@ 6/30/2024: NET DEBT: USD 634 Million

@ June 30, 2024:

- Notes (Long Term Debt):

7.125% senior unsecured notes due 2027;

USD 100 million

5.875% senior unsecured notes due 2029;

USD 600 million

- Cash:

C $ 86 million

* C $ 64 million of this was held in USD funds

F/X used in TRANSLATION: US$1 = C$1.3687

***

- so IN THEORY, they STILL HAVE TO REDEEM and CANCEL USD 100 million of the 7.125% 2027 SENIOR UNSECURED NOTES

z173

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