Criterium Energy Ltd V.CEQ

Energy Oil & Gas E&P

Criterium Energy Ltd. is a Canada-based upstream energy company. The Company is focused on the acquisition and sustainable development of assets in southeast (SE) Asia that are capable of scalable growth and cash generation. The Company, through Mont D’Or Petroleum Limited, holds interests in Tungkal PSC and West Salawati PSC. Tungkal PSC covers an area of about 2,285 square kilometers and contains the Mengoepeh and Pematang Lantih oil fields that collectively produce about 1,030 bbl/d and contain 4.6 MMbbl 2P reserves. The West Salawati PSC is located onshore Salawati Island covers an area of about 970 square kilometers and contains the Balladewa-A (BLL-A) oil field, which produces approximately 20 bbl/d1 from one well. Its portfolio also comprised of a 42.5% non-operated interest in Bulu PSC.

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Criterium Energy Ltd

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Comment by yabotiton Nov 11, 2011 10:10pm

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Post# 19231761

RE: RE: RE: Focus of Company MD &A

you're looking at at least two years.

They're oil operations are self sustaining however they don't have the capital to put drills in the ground. Based on the size of the property they'll need at least 20 holes to determine any sort of resource estimate. That means one raise, maybe two depending on the interest. The drill program could potentially last 6 plus months with the 43-101 taking another 6. Look at how long its taken EPO and PPI to get to that point.

As for JV's...Could be a tought go not knowing what if anything is in the ground.

Yabotit

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