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 > Looking Forward To

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Comment by Storckon Mar 29, 2023 7:46pm

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RE:Looking Forward To

So Pennies, the AGM is announced for May 24 and they noted the consolidation to get the price on the warrants to 5 cents or more. So assuming no market change with consolidating then a 10:1 would put the SP at .75 and the warrants price at .40, I think. Or they could do as low as the minimum to get the warrant to 5 cents, I guess it would be 1.25/1. Is there something up that makes you think they could already have another acquistion so soon after the first one?

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