Core Viewpoint - Strathcona Resources Ltd. plans to acquire an additional 5% of MEG Energy Corp.'s outstanding common shares, increasing its ownership to approximately 14.2% [1][2]. Group 1: Acquisition Details - Strathcona currently holds 23.4 million MEG Shares, which is about 9.2% of the total issued and outstanding shares [2]. - The acquisition of additional MEG Shares will be conducted in accordance with applicable securities laws and will occur as soon as practicable [4]. - The purchase price for the MEG Shares will differ from the value ascribed in Strathcona's offer, which is 0.62 of a common share of Strathcona and $4.10 in cash per MEG Share [4]. Group 2: Voting Intentions - Strathcona intends to vote against the resolution for MEG's acquisition by Cenovus Energy Inc. at the upcoming special meeting of MEG shareholders scheduled for October 9, 2025 [3]. Group 3: Company Background - Strathcona is recognized as one of North America's fastest-growing pure play heavy oil producers, focusing on thermal oil and enhanced oil recovery [6].