Bullboard - Stock Discussion Forum 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... see more

Add To Watchlist

TSXV:CEQ - Post Discussion

Criterium Energy Ltd > Criterium Energy Signs Definitive Agreement

View:

Post by Betteryear2 on May 21, 2024 1:37pm

Criterium Energy Signs Definitive Agreement

Calgary, Alberta--(Newsfile Corp. - May 21, 2024) - Criterium Energy Ltd. (TSXV: CEQ) ("Criterium" or the "Company"), an independent upstream energy development and production company focused in Southeast Asia, is pleased to announce that further to the Company's news release dated December 14th, 2023 the Company has signed a binding Sale and Purchase Agreement ("SPA") for the arm's length divestment of its wholly owned subsidiary which holds a 42.5% non-operated working interest in the Bulu Production Sharing Contract ("Bulu PSC") (the "Transaction"). As previously released, total consideration for the Transaction is US$7,750,000 (C$10,500,000).

Criterium Energy Signs Definitive Agreement for the Sale of its Interest in the Bulu PSC for C$10.5 Million (newsfilecorp.com)