MegaWest commissions its second Missouri project at Grassy Creek.
MegaWest Energy Corp., a publicly held oil and gas company (OTC BB: MGWSF), plans to become a leader in non-conventional oil and gas operations with an initial focus on North American heavy oil. MegaWest Energy has acquired and continues to acquire large blocks of acreage known to contain substantial deposits of heavy oil. MegaWest’s strategy for growth is underpinned by three converging market factors; the need for security of energy supply in North America, the current world oil price, and the new technical developments in commercial thermal recovery of heavy oil.
MegaWest plans to create shareholder value through the exploitation of North American heavy oil using various methods of thermal and enhanced recovery. MegaWest’s operational and head office is in Calgary, the heart of the Canadian oil patch and home to vast array of technical experts in the recovery of heavy oil. The company has a team with expertise in various methods of primary and thermal heavy oil recovery, including Cyclic Steam Stimulation (CSS), Steam Assisted Gravity Drainage (SAGD), steam drive, in situ combustion, electrical heating and solvent processes.