Progressed development of the Southeast Mengoepeh gas field, highlighted by Memorandum of Understanding signed with PT BlueEnergy for gas offtake. Exited the fourth quarter with December production of 960 bbl/d1; January 2025 production to date has averaged 1,020 bbl/d1. Total of 15 workovers completed in 2024 increasing Mengoepeh field production by 65%1 over Q4 2023. Continued cost reductions led to December operating [...]
Averaged 879 bbl/d in the third quarter, increasing to an average 946bbl/d4 in October and reached production of 1,000 bbl/d4 for the first time in mid-November Premium average realized price for the quarter in excess of US$80/bbl vs WTI of US$76 Realized cash flow from operations of C$1.5 million, swinging from negative cash flow in the first half of the year Criterium Energy Ltd. , an independent upstream energy [...]
Criterium Energy Ltd. , an independent upstream energy development and production company focused on energizing growth for Southeast Asia and its shareholders, is pleased to provide an operational update related to optimization and drilling activities in the Company's 100% owned and operated Tungkal PSC Indonesia . Intervention and Workover Activities Continue to Exceed Expectations A key focus area for Criterium has been [...]
Criterium Energy Ltd. is pleased to announce the appointment of Mr. Matthew Klukas, Chief Executive Officer , to its Board of Directors, where he will serve as an Executive Director. Mr. Klukas was appointed CEO of Criterium on September 6th 2024, bringing over 15 years of experience in the SE Asia energy sector. Prior to assuming the role of CEO, Mr. Klukas served as the Company's Chief Operating Officer since its [...]
Criterium Energy Ltd. announces that Mr. Robin Auld has resigned as a director of the Company. Mr. Auld has been a director of the Company since its recapitalization in 2022. The Company thanks Mr. Auld for his service and wishes him continued success in his future endeavors. About Criterium Energy Ltd. Criterium Energy Ltd. is an upstream energy company focused on the acquisition and sustainable development of assets in [...]
Criterium Energy Ltd. , is pleased to announce the following key executive leadership appointments. In addition, the Company confirms the imminent spud of MGH-43, the first of two planned and operated infill wells to be drilled from a new well-pad within the proven Mengoepeh field situated on its 100% owned and operated Tungkal PSC . Executive Appointments Effective immediately, Criterium is pleased to confirm the [...]
Criterium Energy Ltd. , is pleased to announce that the Company has received a US$500,000 non-refundable payment from the buyer of its wholly owned subsidiary which owns a 42.5% non-operated working interest in the Bulu Production Sharing Contract, as originally announced on May 21, 2024 . Details of the Additional Bulu Payment Inclusive of this US$500,000 non-refundable payment, to date Criterium has received [...]
Criterium Energy Ltd. announces the departure of Mr. Robin Auld, the President and Chief Executive Officer of the Company. Criterium extends its heartfelt thanks to Robin Auld for his substantial contributions and wishes him continued success in his future endeavors. Robin has served Criterium since its recapitalization in 2022, steering the Company through significant growth milestones. Matthew Klukas will continue to [...]
Criterium Energy Ltd. , an independent upstream energy development and production company focused on energizing growth for Southeast Asia and Criterium shareholders, is pleased to confirm the filing of its Q2 2024 financial and operating results for the three- and six-month periods ended June 30, 2024 in addition to providing an Operational Update. The unaudited interim consolidated financial statements and notes, as well [...]
Criterium Energy Ltd. , an independent upstream energy development and production company focused on energizing growth for Southeast Asia and Criterium shareholders, is pleased to provide an operational update on the planned optimization activities in the Company's 100% owned, operated and producing Tungkal PSC Indonesia . Tungkal PSC Update: Mengoepeh Field Infill Program - Rig Secured, Program On Track and On Budget [...]
Criterium Energy Ltd. , an independent upstream energy development and production company focused on energizing growth for Southeast Asia and its shareholders, is pleased to provide an operational update as it relates to optimization activities in the Company's 100% owned and operated Tungkal PSC Indonesia . Intervention and Workover Activities Exceed Expectations and Drive Reduced Operating Costs A key focus area for [...]
Criterium Energy Ltd. announces that Mr. Robin Auld has taken a personal leave of absence. In his absence, the Company has appointed Matthew Klukas as Interim President and Chief Executive Officer. Mr. Klukas has held the position of Chief Operating Officer of Criterium since its recapitalization transactions in the fall of 2022 and has been instrumental in the development and execution of the Company's strategy. About [...]
+28,11 %
-20,29 %
