Record high 1P reserves of 2.2 MMboe, 2P reserves of 7.7 MMboe, and 3P reserves of 16.5 MMboe1. Upgraded SE-MGH and added N-MGH to reserves at an efficient US$0.1/2P mcf 2. 2P Reserve NPV10 of US$50 million, equivalent to C$0.50 per common share3 and calculated on Brent price deck averaging US$67/bbl from 2026 - 2030. SE-MGH upgraded to reserves along with 40% increase in base case recoverable volumes to 21 bcf . Robust [...]
Transformational 2025 results highlighted by successful production tests at SE-MGH and N-MGH SE-MGH total project capex reduced to US$2.0 million net to Criterium. First gas, anticipated in Q2 2026, to be achieved within cashflow PGN selected as offtaker, progressing to binding Gas Sales Agreement. Pipeline contract signed and site preparation commenced Criterium Energy Ltd. , an independent upstream energy development [...]
SE-MGH gas development on track, total project cost reduced to US$2 - $3 million with US$1.7 million spent to date. PT Dredolf Indonesia to construct pipeline, commencing in early 2026. First gas from SE-MGH expected to deliver 5-7 mmcf/d1 in H1 2026. Sustained positive cash flow from operations achieved in Q3 2025. Signing of gas transportation MOU with KJG Pipeline signals strategic shift in Bulu PSC and Lengo gas [...]
Successful extended well test of SEM-01 with rates of 7-8 mmcf/d1 Project on schedule and budget with total project costs reduced to US$2.5-$4 million - first gas remains on track for Q1 2026 Over 10 mmcf/d tested in Q3 2025 between SE-MGH1 and N-MGH2 fields Positive cash flow from operations achieved in Q2 2025 despite reduced oil price Criterium Energy Ltd. , an independent upstream energy development and production [...]
Successful initial flow test on the MGH-20 well in North Mengoepeh with an initial rate of 2.5 MMcf/d1 Re-entry operations at the SEM-1 well in SE-MGH are ongoing in preparation for extended well test in Q3 Decision taken that development of SE-MGH will be via pipeline to the Teluk Rendah Gas Plant Averaged 890 bbl/d2 of production in the second quarter of 2025, up from 821 bbl/d2 in the same quarter of the prior year [...]
Criterium Energy Ltd. , an independent upstream energy development and production company focused on energizing growth for Southeast Asia today announced the results of its Annual General Meeting of Shareholders, which took place on June 17, 2025. These results and the Management Presentation provided are also available on the Company's website: Criterium Energy. "On behalf of the Board of Directors and Management team [...]
Averaged 988 bbl/d3 in the first quarter of 2025, up from 822 bbl/d3 in the same quarter of the prior year. Realized cash flow from operations of C$0.25 million, swinging from negative cash flow in the first quarter of last year. Narrowed net loss by 52% to C$1.2 million, or $0.01 per share, in the first quarter of 2025 versus a loss of C$2.4 million, or $0.02 per share, in the prior year period. Gas development at [...]
Continued quarter over quarter increases in cash flow from operations in 2024; Q4 2024 operating cash flow of US$1.7 million1, equivalent to C$0.07/share2 on an annualized basis. Reduced debt principal by US$2.5 MM in 2024. Average oil production for Q1 2025 of 988 bbl/d3, a 3% increase from Q4 2024 production of 957 bbl/d3. Gas development on track; SE-MGH to be first of several gas developments within the Tungkal PSC [...]
Criterium Energy Ltd. , confirms that, further to its press release dated April 30, 2025 the Company has experienced a delay in filing its audited consolidated annual financial statements for the year ended December 31, 2024 , the related management's discussion and analysis, and its Form 52-109FV1 CEO and CFO certifications of annual filings . Under National Instrument 51-102 - Continuous Disclosure Obligations, the [...]
Criterium Energy Ltd. announces that as a result of delays in the completion of its audit, the Company anticipates that it will experience a short-term delay in filing its audited consolidated annual financial statements for the year ended December 31, 2024 , the related management's discussion and analysis, and its Form 52-109FV1 CEO and CFO certifications of annual filings . Under National Instrument 51-102 - Continuous [...]
1.4 MMbbl proved , 4.6 MMbbl proved plus probable , and 10.0 proved plus probable plus possible Reserves1 2P reserves replacement ratio of 160% since assets acquired in January 20242 2P reserve NPV10 before tax of US$72.8 million and US$60 million after tax1, equating to C$0.62 per common share3 Increased SE-MGH 2C gas resource by 100% to 15 bcf recoverable1,2, targeting first production in Q1 2026. Tungkal 2C resource [...]
Fully funded SE-MGH gas development expected to add ~1,000 boe/d in production where historical long-term take-or-pay contracts have ranged between $4-7/MMbtu 2025 oil production of 1,000 - 1,200 bbl/d, supported by 8-12 workovers with a focus on increasing margins through further operating cost reductions Reduced amortization payments US$2MM, resulting in cash to fund SE-MGH gas development while achieving US$3.5MM [...]
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