Criterium Energy Provides Gas Development Update and Releases Q3 Financial Results
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 development.Calgary, Alberta--(Newsfile Corp. - November 20, 2025) - Criterium Energy Ltd. (TSXV: CEQ) ("Criterium" or...
2025-11-20 7:30 AM EST
Criterium Energy Announces Successful Re-Entry and Test of SEM-01 and Releases Q2 Financial Results
Q3 2025 between SE-MGH1 and N-MGH2 fields Positive cash flow from operations achieved in Q2 2025 despite reduced oil priceCalgary, Alberta--(Newsfile Corp. - August 27, 2025) - Criterium Energy Ltd. (TSXV: CEQ) ("Criterium" or the "Company"), an independent upstream energy development and production company...
2025-08-27 7:30 AM EDT
Criterium Energy Announces Positive Preliminary Gas Test Results at North Mengoepeh and Provides Preliminary Q2 Operating Results
Calgary, Alberta--(Newsfile Corp. - July 30, 2025)...
2025-07-30 7:40 AM EDT
Criterium Energy Ltd. Announces Results of Annual General Meeting
Calgary, Alberta--(Newsfile Corp. - June 18, 2025) - Criterium Energy Ltd. (TSXV: CEQ) ("Criterium" or the "Company"), 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...
2025-06-18 11:55 PM EDT
Criterium Energy Announces Filing of Q1 2025 Financial Results and Provides Operational Update
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 SE-MGH, the first of several...
2025-05-30 7:30 AM EDT
Criterium Energy Announces 2024 Year End Results and Provides Operational Update
Tungkal PSC.Calgary, Alberta--(Newsfile Corp. - May 12,...
2025-05-12 7:30 AM EDT
Criterium Energy Provides Update to Voluntary Application for Management Cease Trade Order
Calgary, Alberta--(Newsfile Corp. - May 2, 2025) - Criterium Energy Ltd. (TSXV: CEQ) ("Criterium" or the "Company"), 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 "Financial Statements"), the related management's discussion and analysis, and its Form 52-109FV1 CEO and CFO certifications of annual filings (collectively the "Required...
2025-05-02 6:45 PM EDT
Criterium Energy Announces Anticipated Late Filing of Annual Financial Statements and Voluntary Application for Management Cease Trade Order
Calgary, Alberta--(Newsfile Corp. - April 30, 2025) - Criterium Energy Ltd. (TSXV: CEQ) ("Criterium" or the "Company") 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 "Financial Statements"), the related management's discussion and analysis, and its Form 52-109FV1 CEO and CFO certifications of annual...
2025-04-30 11:50 PM EDT
Criterium Energy Announces 160% Reserve Replacement Ratio and Increased Gas Resource at Year-End 2024
1.4 MMbbl proved (1P), 4.6 MMbbl proved plus probable (2P), and 10.0 proved plus probable plus possible (3P) Reserves12P reserves replacement ratio of 160% since assets acquired in January 202422P reserve NPV10 before tax of US$72.8 million and US$60 million after tax1, equating to C$0.62 per common share3Increased SE-MGH 2C gas resource by 100% to 15 bcf recoverable1,2, targeting first production in Q1 2026.Tungkal 2C resource (Development Pending) valued at US$28 million N
2025-03-17 7:30 AM EDT
Criterium Energy Outlines 2025 Capital Plans Including Fully Funded Tungkal Gas Development Project and Active Oil Workover Campaign
Calgary, Alberta--(Newsfile Corp. - February 13, 2025) - Criterium Energy Ltd. (TSXV: CEQ) ("Criterium" or the "Company"), an...
2025-02-13 7:40 AM EST
Criterium Energy Provides Q4 Preliminary Operating Results and Provides Operational Update
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 costs equivalent to US$32/bbl2, a 30% decrease from January 2024.
2025-01-20 7:30 AM EST
Criterium Energy Announces Filing of Q3 2024 Results and Operational Update
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-NovemberPremium average realized price for the quarter in excess of US$80/bbl vs WTI of US$76Realized cash flow from operations of C$1.5 million, swinging from negative cash flow in the first half of the yearCalgary, Alberta--(Newsfile Corp. - November 28, 2024) - Criterium Energy Ltd. (TSXV: CEQ) ("Criterium" or the "Company"), an independent...
2024-11-28 7:45 AM EST
Criterium Energy Provides Operational Update on Workover Program, and Confirms Spud of First Operated Well, MGH-43
Calgary, Alberta--(Newsfile Corp. - September 24, 2024) - Criterium Energy Ltd. (TSXV: CEQ) ("Criterium" or the "Company"), 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 (the "Tungkal PSC"). Intervention and Workover Activities Continue to Exceed...
2024-09-24 7:00 AM EDT
Criterium Energy Announces Director Appointment
Calgary, Alberta--(Newsfile Corp. - September 12, 2024) - Criterium Energy Ltd. (TSXV: CEQ) ("Criterium" or the "Company") is pleased to announce the appointment of Mr. Matthew Klukas, Chief Executive Officer ("CEO"), 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...
2024-09-12 7:00 AM EDT
Criterium Energy Announces Director Resignation
Calgary, Alberta--(Newsfile Corp. - September 9, 2024) - Criterium Energy Ltd. (TSXV: CEQ) ("Criterium" or the "Company") 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...
2024-09-09 9:55 PM EDT
Criterium Energy Announces Executive Appointments, and Expected Commencement of Drilling Its First Operated Well in Tungkal PSC, Onshore Indonesia
Calgary, Alberta--(Newsfile Corp. - September 6, 2024) - Criterium Energy Ltd. (TSXV: CEQ) ("Criterium" or the "Company"), 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 ("MGH") field situated on its 100% owned and operated Tungkal PSC (the "2024 Program").Executive AppointmentsEffective...
2024-09-06 5:30 AM EDT
Criterium Energy Provides Update on Bulu Transaction
Calgary, Alberta--(Newsfile Corp. - September 5, 2024) - Criterium Energy Ltd. (TSXV: CEQ) ("Criterium" or the "Company"), is pleased to announce that the Company has received a US$500,000 non-refundable payment from the buyer (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 (the "Transaction"). Details of the Additional Bulu Payment Inclusive of this US$500,000...
2024-09-05 5:30 AM EDT
Criterium Energy Announces Departure of the President and Chief Executive Officer of the Company
Calgary, Alberta--(Newsfile Corp. - September 4, 2024) - Criterium Energy Ltd. (TSXV: CEQ) ("Criterium" or the "Company") 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...
2024-09-04 12:27 AM EDT
Criterium Energy Announces Filing of Q2 2024 Results and Provides Operational Update
Calgary, Alberta--(Newsfile Corp. - August 29, 2024) - Criterium Energy Ltd. (TSXV: CEQ) ("Criterium" or the "Company"), 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 ("Q2 2024 Results") in addition to providing an Operational Update. The unaudited interim...
2024-08-29 8:04 AM EDT
Criterium Energy Provides Operational Update Highlighted by Secured Rig for Infill Drilling and Ongoing Workover Programs in the Tungkal PSC, Indonesia
Calgary, Alberta--(Newsfile Corp. - August 13, 2024) - Criterium Energy Ltd. (TSXV: CEQ) ("Criterium" or the "Company"), 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 (the "Tungkal PSC").Tungkal PSC Update: Mengoepeh ("MGH") FieldInfill Program...
2024-08-13 8:00 AM EDT