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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 Penniestoricheson Mar 02, 2023 9:29pm
550 Views
Post# 35316573

Massive Asymmetric Upside

Massive Asymmetric UpsideThe fact that these guys just did a very successful oversubscribed raise, have some decent royalty revenue to help cover overhead costs, and are still at such a rock bottom price makes for an incredible buying opportunity!  There is insane upside potential in the short to medium term (talking easily 3-10x as more than realistic), and very little potential for an ugly sustained downside in the next couple of years.  Get in while you can, and definitely before the next game changing NR that should be just around the corner. 
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