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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.


TSXV:CEQ - Post by User

Criterium Energy Ltd > collapse?
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Comment by RockLobster1on Aug 10, 2023 10:34am
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Post# 35581650

RE:RE:collapse?

RE:RE:collapse?yes it is obvious that the deal/financing is in trouble, but not sure i understand why, and why it has dropped to half so fast.  It was at 20-50 cents before the deal and now 10 before it happens.

The NR today says the deal is still alive but delayed to sept 25...  
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