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 > July 2024 NCIB: ~ $ 27 Million (22 Transactions)

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Comment by Fuzman5902on Aug 08, 2024 8:05am

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Post# 36169077

RE:July 2024 NCIB: ~ $ 27 Million (22 Transactions)

So between the NCIB & Debt repayment were looking @ slightly more than 35 M.

Have they squirreled away Capex for Aug, Debt repayment or finally made a FID on the expansion

project., another option could be building up their cash position.

Lot's pf posabilities.

Regards Fuz

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