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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

Comment by Jgrodychon Feb 29, 2024 9:08am
119 Views
Post# 35906024

RE:RE:RE:RE:RE:Halted?

RE:RE:RE:RE:RE:Halted? Yes this is my general feeling as well.  I actually have a long list of family, friends, and colleagues with deep pockets who I intend to put this stock on their radar, but it is not something I am fully comfortable doing until the overall picture becomes clearer, and I have more clarity on actual expected profits.  From what I can tell, through the Mont D'Or acquistion, and at a Brent USD price of ~$65-$70+, there is no longer any need for financing in order to keep the company running, so the potential risk of simply running out of money no longer exists as it may have a few months ago.  This is the first massive hurdle for any young company to overcome.  Now it is a matter of showing the plan for the next 3/6/9 months, and executing it to perfection.  These guys are not capital market experts, and 2023 clearly showed that, but they are experts at what they are now taking on with their Mont D'Or strategy, which is why I believe we will now start to see some very impressive results and successes in 2024 and beyond.  
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