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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

Post by Storckon Feb 08, 2023 6:16pm
510 Views
Post# 35275745

Worth some DD

Worth some DD

Do some research into this one, view the presentations on their website. Mgmt qualifications look superb. In their Dec 20 NR they mention Conrad Asia as an example of market support for gas in Asia. Look them up. In 2021 an auditor doubted Conrad's ability to continue as a going concern. They raised some cash on the ASX and bought into some gas blocks, now their market cap is A$258 million even with no production or revenue yet. Australians understand that market, they know gas is king in Asia, I wouldn't doubt they're already on to CEQ and moving the price. CEQ is underpinned by the old SFT royalties. Holding this Asian project already sanctioned for development and gas production, IMHO youll soon be looking in the mirror at 10 cents and wishing you bought in when all the Aussies did. Would like to see CEQ do an ASX listing.

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