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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 > WOW!!!
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Comment by Penniestoricheson Dec 15, 2023 10:04am
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Post# 35786520

RE:RE:WOW!!!

RE:RE:WOW!!!

Correct, that number is based on the current outstanding shares (around 38 million).  

I am hoping they can close this quickly and use the money to significantly reduce the dilution for Mont D'Or by eliminating the financing or convertible loan.

Realistically they could now achieve the same goal and the dilution could be cut by 60% if they execute everything well, which would be incredible!

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Dealroom for high-potential pre-IPO opportunities