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 > Pending Deal..??

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Comment by Penniestoricheson Oct 03, 2023 10:03pm

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RE:RE:RE:RE:Pending Deal..??

This was always a multi-year play for me, and it's clear this major acquisition has been in the works for some time.

Buckle up once it closes, because this is going from a tiny blip of a startup company to 8 figure revenues overnight, with rapid expansion on the very near term horizon.

At 11 cents per share, once it closes the company will be undervalued by 3-5x in 2023, and 6-15x in 2024 depending on how quickly and efficiently they can execute.

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