Criterium Energy Ltd. , an independent upstream energy development and production company focused in Southeast Asia, is pleased to announce that, due to strong investor demand, it is increasing the size of its financing for aggregate gross proceeds of approximately C$18.9 million, led by Research Capital Corporation, in connection with the acquisition of all the issued and outstanding shares of Mont D'Or Petroleum Limited [...]
Criterium Energy Ltd. , an independent upstream energy development and production company focused in Southeast Asia, is pleased to announce the restructuring of the acquisition of all the issued and outstanding shares of Mont D'Or Petroleum Limited and proposed amendment to the sale and purchase agreement . Concurrently, the Company is also pleased to announce a C$15.3 million financing led by Research Capital [...]
Criterium Energy Ltd. , an independent upstream energy development and production company focused in Southeast Asia, announces the termination of the previously announced marketed public offering '. After extensive deliberation and in response to current market dynamics, Criterium has decided to terminate the previously announced Offering. The Offering and the related acquisition of Mont D'Or Petroleum Limited were [...]
Criterium Energy Ltd. , an independent upstream energy development and production company focused in Southeast Asia, is pleased to provide the following update on its previously announced marketed public offering and executed sale and purchase agreement to acquire all the issued and outstanding shares of Mont D'Or Petroleum Limited . The Company has been working with the TSX Venture Exchange to receive approval for the [...]
Criterium Energy Ltd. , an independent upstream energy development and production company focused in Southeast Asia, is pleased to announce the pricing of its previously announced marketed public offering of subscription receipts of the Company at a price of C$0.20 per Subscription Receipt, for aggregate gross proceeds of up to C$22 million . The Offering is being led by Research Capital Corporation, as lead agent and [...]
Criterium Energy Ltd. , an independent upstream energy development and production company focused in Southeast Asia, is pleased to announce that it has executed a sale and purchase agreement on June 14, 2023 to acquire all the issued and outstanding shares of Mont D'Or Petroleum Limited . MOPL holds 100% operating working interests in two Production Sharing Contracts in Indonesia, the Tungkal PSC located onshore South [...]
Criterium Energy Ltd. , an independent upstream energy development and production company focused in Southeast Asia, is pleased to announce a five to one consolidation of Common Shares effective June 7, 2023. This consolidation was approved by shareholder resolution at the Corporation's annual general and special meeting which took place May 24, 2023 . For further information regarding the consolidation, please refer the [...]
Criterium Energy Ltd. , an independent upstream energy development and production company focused in Southeast Asia, is pleased to announce results from the Corporation's annual general and special meeting which took place May 24, 2023. Highlights All Directors have been re-elected to a one-year term All shareholder resolutions have passed Votes totaling 41,028,727 common shares or 21.76% of the shares outstanding were [...]
Criterium Energy Ltd. , an independent upstream energy development and production company focused in Southeast Asia, is pleased to provide an operational update on the activities of the Bulu PSC and Lengo Gas Development. On March 24, 2023 the Indonesian Ministry of Energy and Mineral Resources issued a press release expressing discontent with the communication provided prior to the indirect change of control transaction [...]
All amounts in this press release are Canadian dollars unless otherwise specified. Criterium Energy Ltd. , an independent upstream energy development and production company focused in Southeast Asia, is pleased to announce that NOTICE IS HEREBY GIVEN that the annual general and special meeting of the holders of common shares of Criterium will be held at 2:00 PM MST on May 24, 2023 at 3rd Floor Conference Centre, Manulife [...]
Criterium Energy Ltd. is pleased to announce that an independent assessment of the Company's Contingent Resources in the Lengo gas field located in the Bulu Production Sharing Contract area in Indonesia has been completed by Netherland, Sewell & Associates, Inc. Highlights Significant Gas Resource: The estimated gross un-risked 2C recoverable gas resource in the Lengo gas field is 359 bcf, 134 bcf net to Criterium [...]
Criterium Energy Ltd. is delighted to announce the completion of the accretive acquisition of a 42.5% interest in the Bulu Production Sharing Contract which contains the fully appraised Lengo gas field located offshore East Java Indonesia for a total consideration of US$1.6 MM. Acquisition Highlights Strategic Market Entry: The Acquisition is Criterium's low-risk market entry into its target region of SE Asia, and in line [...]
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