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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 > Very positive
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Comment by Penniestoricheson Aug 29, 2024 5:28pm
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Post# 36201960

RE:Very positive

RE:Very positiveSome quick numbers from today's release and the presentations: Opex average Q1 = $43/bbl USD, Q2 = $40/bbl, year end expected <$30/bbl. Netback average $19/bbl USD in @Q2, year end expected >$30/bbl.

August average production at 860 bbl/day, 2 upcoming workovers (+20-30 each), pumps being repaired early Sept for +100 bbl/day, so ~1000 bbl/day by mid Sept.

The presentations show either 300-350 bbl/day for the combined 2 wells, or 150-200 bbl/day each. Using those numbers, 1300-1400 is technically quite realistic at year end!!
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