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Criterium Energy Ltd V.CEQ

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.


TSXV:CEQ - Post by User

Comment by Penniestoricheson Feb 25, 2024 8:07pm
115 Views
Post# 35898244

RE:RE:Halted?

RE:RE:Halted? Looking at the numbers the share price is actually pretty comically low right now.  Just the Bulu value alone from the December LOI is about equal to the current market cap, and they also have cash on hand equivalent to another multiple of said market cap.  That doesn't even include the massive acquisition and 1000 barrels per day from Mont D'Or, or more importantly the obvious very near term potential from ramping up that production as per the core business plan!!  As of today the share price/market cap should be at least triple based on fundamentals, and when we give it a few months it could be more like 4-6x.  Once people start to discover this diamond in the rough it's going to fly and never look back!
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