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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 6:46pm
568 Views
Post# 35275822

New PR!

New PR!Came out when I was hitting send on my last post, IMHO all extremely positive! Tremendous reserves numbers, acceleration of timing to cash flow. Ya, I see now the Lengo project isn't sanctioned but it's a government approved development plan, the companies will sanction (FID) after listed contingencies are resolved which are well on their way.
I'm telling ya, the Aussies are watching and buying.
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