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

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Comment by Ztransformeron Aug 08, 2024 5:57pm

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Post# 36170321

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

- THIRD TRAIN CAPEX DECISION comes in the 2025 BUDGET - 'expected' to be POSTED in November/EARLY December 2024

- IF APPROVED by BODs, MAXIMUM BOP at Chistina Lake will INCREASED to 125,000 to 135,000 bbls/d (from PRESENT MAX BOP 110,000 bbls/d) depending on the OPTIMIZED CAPEX SIZING DECISION of the THIRD TRAIN

- STILL PLENTY of 2027 7.125% Notes LEFT TO REDEEM and CANCEL:

* My calculations: USD 98 million
****
Z172

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