MEG Energy Corp. (MEG) Earnings Call Transcript & Summary

Well, good morning, ladies and gentlemen. Welcome to the special meeting of the shareholders of MEG Energy. My name is Jim McFarland, and I'm Chair of the Board of Directors of MEG. Thank you for joining us. I will chair today's meeting pursuant to the interim order of the Court of Kings Bench. I will now call the meeting to order. And in accordance with the interim order, I will act as Chair of this meeting; and Lyle Yuzdepski, MEG's Senior Vice President, Legal and Corporate Development and Corporate Secretary, will act as Secretary of the meeting. Ms. Elissa Rojo and Ms. Tara Israelson of Computershare will act as scrutineers for the meeting. The scrutineers have advised me that notice of this meeting, the management information circular, the form of proxy and other required materials were mailed pursuant to the interim order of the Court of King's Bench. The scrutineers have reported that 97 shareholders holding 234,321,021 or 92% of the outstanding common shares of MEG Energy are present in person or by proxy. So I declare that a quorum of shareholders is present and that the meeting is properly constituted for the transaction of business. The scrutineer's final report on attendance will be annexed to the minutes. Now my role as Chair is a little more difficult this morning. And it's -- I've made a decision to recess the meeting until 2:00 p.m. this afternoon in order to give us time to address a regulatory inquiry that came in late yesterday evening. So we'll meet back at this location at 2:00 Mountain Time. The webcast link for this meeting will remain the same. So I now declare the meeting recessed. Thank you. See you a little bit later. [Break]

Well, good afternoon, ladies and gentlemen. My name is Jim McFarland, and I am Chair of the meeting. I now call this meeting to order. When we last met earlier today, I called the meeting to order and then recess the meeting at 9:15 a.m. Calgary Time. I wish to advise at this time, shareholders and proxy holders that following consultation with the Board of -- MEG Board of Directors earlier this afternoon, management and our advisers have decided to recess the meeting until 6:00 p.m. tonight, Calgary Time at the same venue. And that provides us a little more time to address the regulatory inquiry. There's no other business to be transacted at this time. So thank you for your attention. Meeting is now recessed until 6:00 p.m. today at the same venue. 6:00 p.m. Calgary Time. Thanks very much, folks. [Break]

Well, good afternoon, ladies and gentlemen. Again, my name is Jim McFarland, and I am Chair of the meeting. I now call this meeting to order. When we last met earlier today, I called the meeting to order and then recess the meeting at 2:05 p.m. Calgary Time. I wish to advise shareholders and proxy holders that following consultation with management and our advisers and pursuant to the authority granted to MEG under the interim order of the Court of King's Bench of Alberta dated September 9, 2025, the MEG Board of Directors has determined to adjourn this meeting to 9:00 a.m. Calgary Time on November 6, 2025, at this same venue. This meeting is being adjourned with Cenovus' consent so MEG can disclose additional information on the previously announced asset transaction between Strathcona Resources Limited and Cenovus and related process of the MEG Board. This evening, MEG will issue a news release announcing details of the adjourned meeting. All proxies and voting instructions that have been submitted will remain valid at the adjourned meeting. The proxy deadline has been extended and proxies can be delivered up to 9:00 a.m. on Wednesday, November 5, 2025. No other business will be transacted at this time. At the adjourned meeting, we will continue with the matters of business set out in the MEG notice of meeting and management information circular that was previously sent to shareholders. So thank you for your attention and your patience today. This meeting is now adjourned until November 6, 2025, at 9:00 a.m. Calgary Time at this same venue. Thanks very much.