CALGARY,
AB, July 21, 2024 /CNW/ - MEG Energy Corp.
("MEG" or the "Corporation") (TSX:MEG) announced today that its
production levels have remained stable at its Christina Lake
Regional Project facility despite the ongoing regional wildfires.
The Company continues to operate with a reduced and essential
workforce to ensure the safety of its employees and
contractors.
"Our first priority is the safety and well-being of our people
and the communities near our operations," said Darlene Gates, President and CEO. "We are proud
of our team's resilience and dedication during this challenging
time. By maintaining a proactive approach to safety and reducing
our on-site workforce to essential personnel only, we have been
able to safeguard our operations."
MEG has implemented comprehensive emergency response measures
and continues to closely monitor the wildfire situation. The
Company is in regular communication with Alberta Forestry and Parks
and local authorities to ensure coordinated efforts.
As information related to this matter becomes available, news
releases will be issued and we will post the latest updates
on www.megenergy.com. Any further inquires should be directed
to media@megenergy.com and a MEG representative will assist
you.
Forward-Looking Information
Certain statements contained in this news release may constitute
forward-looking statements within the meaning of applicable
Canadian securities laws. These statements relate to future events
or MEG's future performance. All statements other than statements
of historical fact may be forward-looking statements. The use of
any of the words "anticipate", "continue", "expect", "may", "will",
"project", "should", "believe", "plan", "intend", "potential" and
similar expressions are intended to identify forward-looking
statements. These statements involve known and unknown risks,
uncertainties and other factors that may cause actual results or
events to differ materially from those anticipated in such
forward-looking statements. In particular, and without limiting the
foregoing, this press release contains forward looking statements
with respect to: safety; ability to maintain stable production;
ability to operate with a reduced and essential workforce; ability
to safeguard operations; and the effectiveness of MEG's
comprehensive emergency response measures.
Although MEG believes that the expectations represented by such
forward-looking information are reasonable, readers are cautioned
not to place undue reliance on forward-looking information as
actual results may differ materially from those expressed or
implied. This forward-looking information is current only as of the
date indicated above. MEG undertakes no obligation to update or
revise any forward-looking information except as required by law.
Developing forward-looking information involves reliance on a
number of assumptions and consideration of certain risks and
uncertainties, some of which are specific to MEG and others that
apply to the industry generally.
Further information regarding the assumptions and risks inherent
in the making of forward-looking statements can be found in MEG's
most recently filed Annual Information Form ("AIF"), along with
MEG's other public disclosure documents. Copies of the AIF and
MEG's other public disclosure documents are available through the
Company's website at www.megenergy.com/investors and through the
SEDAR+ website at www.sedarplus.ca.
About MEG
MEG is an energy company focused on sustainable in situ
thermal oil production in the southern Athabasca oil region of Alberta, Canada. MEG is actively developing
innovative enhanced oil recovery projects that utilize
steam-assisted gravity drainage extraction methods to improve the
responsible economic recovery of oil as well as lower carbon
emissions. MEG transports and sells thermal oil (AWB) to customers
throughout North America and
internationally. MEG is a member of the Pathways Alliance, a group
of Canada's largest oil sands
producers. MEG's common shares are listed on the Toronto Stock
Exchange under the symbol "MEG" (TSX: MEG).
Learn more at www.megenergy.com
For further information, please contact:
Investor Relations
T 403.767.0515
E invest@megenergy.com
Media Relations
T 403.775.1131
E media@megenergy.com
SOURCE MEG Energy Corp.