Criterium Energy Provides Operational Update on Workover Program, Highlighted by Increased Production and Reduced Operating Costs
Calgary, Alberta--(Newsfile Corp. - June 25, 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 as it relates to optimization activities in the Company's 100% owned and operated Tungkal PSC Indonesia (the "Tungkal PSC"). Intervention and Workover Activities Exceed Expectations and Drive...
2024-06-25 7:45 AM EDT
Criterium Energy Announces Leave of Absence of President and Chief Executive Officer and Appointment of Interim President and Chief Executive Officer
Calgary, Alberta--(Newsfile Corp. - June 21, 2024) - Criterium Energy Ltd. (TSXV: CEQ) ("Criterium" or the "Company") 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...
2024-06-21 5:31 PM EDT
Criterium Energy Announces Filing of Q1 2024 Results
Calgary, Alberta--(Newsfile Corp. - May 31, 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 the filing of unaudited Q1 2024 financial and operating results for the three-month period ended March 31, 2024 ("Q1 2024 Results"). The unaudited interim consolidated financial statements and notes, as well as Management's Discussion and Analysis ("MD&A"), are...
2024-05-31 7:45 AM EDT
Criterium Energy Signs Definitive Agreement for the Sale of its Interest in the Bulu PSC for C$10.5 Million
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...
2024-05-21 7:45 AM EDT
Criterium Energy Announces Filing of 2023 Results, Clarifies Previous January 4th Press Release and Provides Operational Updates
Calgary, Alberta--(Newsfile Corp. - April 26, 2024) - Criterium Energy Ltd. (TSXV: CEQ) ("Criterium" or the "Company"), is pleased to announce the filing of audited full year 2023 financials and year end disclosures, clarification of the January 4, 2024 press release, which results in a lower outstanding common share count, along with an update on current operations.2023 Financials and Year End Disclosures:The Company has filed its audited full year 2023 financial statements and Management's...
2024-04-26 6:00 PM EDT
Criterium Energy Announces 2024 Guidance, Commences Oil Development Activities, Signs Strategic Gas Offtake and Provides Operational Updates
Calgary, Alberta--(Newsfile Corp. - April 2, 2024) - Criterium Energy Ltd. (TSXV: CEQ) ("Criterium" or the "Company"), is pleased to provide full year 2024 guidance which is focused primarily on the continued development of assets recently acquired through the Mont D'Or Petroleum Limited ("MOPL") transaction (the "Acquisition"), along with an update on current operations. With the completion of the MOPL acquisition, Criterium has established an immediate cash flow foundation from existing oil...
2024-04-02 8:00 AM EDT
Criterium Energy Announces Closing of Mont D'Or Acquisition
Calgary, Alberta--(Newsfile Corp. - January 4, 2024) - Criterium Energy Ltd. (TSXV: CEQ) ("Criterium" or the "Company"), is pleased to announce that it has closed the previously announced acquisition of all issued and outstanding shares of Mont D'Or Petroleum Limited ("MOPL") (the "Acquisition"). For further information on the Acquisition, please see our news release dated December 18, 2023.Related to the Acquisition, the Company advanced the following consideration in connection with the...
2024-01-04 8:06 AM EST
Criterium Energy Announces Transaction Updates in Connection with the Acquisition of Mont D'Or Petroleum Ltd.
Calgary, Alberta--(Newsfile Corp. - December 18, 2023) - 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 the Company has entered into an amended Sale and Purchase Agreement ("SPA") dated December 18, 2023 in connection with the previously announced acquisition of all the issued and outstanding shares of Mont D'Or Petroleum Limited ("MOPL") (the "Acquisition")....
2023-12-18 7:59 AM EST
Criterium Energy Announces Agreement to Sell Its Interest in the Bulu PSC for C$10.5 Million
Calgary, Alberta--(Newsfile Corp. - December 14, 2023) - 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 the Company has signed a Letter Of Intent ("LOI") for the arm's length sale of its wholly owned subsidiary which holds a 42.5% non-operated working interest in the Bulu PSC (the "Transaction"). Upon signing of Definitive Agreement ("Definitive Agreement"),...
2023-12-14 8:45 AM EST
Criterium Energy Announces Closing of Equity Public Offering In Connection with its Transformative Acquisition of Mont D'Or Petroleum Ltd.
Calgary, Alberta--(Newsfile Corp. - November 7, 2023) - 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 the closing of its previously announced upsized, underwritten public offering (the "Public Offering") of equity subscription receipts of the Company (the "Equity Subscription Receipts") for gross proceeds of approximately C$6.7 million. The Public Offering is...
2023-11-07 10:28 AM EST
Criterium Energy Announces Filing of Final Prospectus In Connection with Upsized C$18.9 Million Financing for its Transformative Acquisition of Mont D'Or Petroleum Ltd.
Calgary, Alberta--(Newsfile Corp. - October 20, 2023) - 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 it has filed and received a receipt for its final short form prospectus (the "Prospectus") filed in each of the provinces of Canada, except for Québec, in respect of its previously announced underwritten offering (the "Public Offering") of equity...
2023-10-20 11:26 PM EDT
Criterium Energy Announces Upsized C$18.9 Million Financing in Connection with Transformative Acquisition of Mont D'Or Petroleum Ltd., Led by a Strategic Investor
Calgary, Alberta--(Newsfile Corp. - October 4, 2023) - 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, 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 ("Acquisition") of all the issued and...
2023-10-04 9:47 PM EDT
Criterium Energy Announces Restructured Transformative Acquisition of Mont D'Or Petroleum Ltd. and C$15.3 Million Financing, Led by a Strategic Investor
Calgary, Alberta--(Newsfile Corp. - September 22, 2023) - 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 the restructuring of the acquisition of all the issued and outstanding shares of Mont D'Or Petroleum Limited ("MOPL") and proposed amendment to the sale and purchase agreement ("SPA"). Concurrently, the Company is also pleased to announce a C$15.3 million...
2023-09-22 5:02 PM EDT
Criterium Energy Announces Termination of the Marketed Public Offering and Resulting Impact on the Previously Announced Mont D'Or Petroleum Limited Acquisition
Calgary, Alberta--(Newsfile Corp. - August 30, 2023) - Criterium Energy Ltd. (TSXV: CEQ) ("Criterium" or the "Company"), an independent upstream energy development and production company focused in Southeast Asia, announces the termination of the previously announced marketed public offering (the "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...
2023-08-30 5:15 PM EDT
Criterium Energy Provides Update on Mont D'Or Acquisition
Calgary, Alberta--(Newsfile Corp. - August 10, 2023) - Criterium Energy Ltd. (TSXV: CEQ) ("Criterium" or the "Company"), 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 ("MOPL") (the "Acquisition").The Company has been working with the...
2023-08-10 9:15 AM EDT
Criterium Energy Announces Pricing of Public Offering in Connection with Transformative Acquisition
Calgary, Alberta--(Newsfile Corp. - July 4, 2023) - 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 the pricing of its previously announced marketed public offering (the "Offering") of subscription receipts of the Company (the "Subscription Receipts") at a price of C$0.20 per Subscription Receipt, for aggregate gross proceeds of up to C$22 million (equivalent...
2023-07-04 5:31 PM EDT
Criterium Energy Announces Transformative Acquisition of Mont D'Or Petroleum Ltd. and C$22 Million Public Offering
Calgary, Alberta--(Newsfile Corp. - June 15, 2023) - 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 it has executed a sale and purchase agreement ("SPA") on June 14, 2023 to acquire all the issued and outstanding shares of Mont D'Or Petroleum Limited ("
2023-06-15 2:28 AM EDT
Criterium Energy Ltd. Consolidation of Common Shares
Calgary, Alberta--(Newsfile Corp. - June 6, 2023) - Criterium Energy Ltd. (TSXV: CEQ) ("Criterium" or the "Corporation"), an independent upstream energy development and production company focused in Southeast Asia, is pleased to announce a five (5) to one (1) 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 (the "Meeting"). For further...
2023-06-06 12:50 PM EDT
Criterium Energy Ltd. Announces Results of Annual General and Special Meeting
Calgary, Alberta--(Newsfile Corp. - May 25, 2023) - Criterium Energy Ltd. (TSXV: CEQ) ("Criterium" or the "Corporation"), 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.HighlightsAll Directors have been re-elected to a one-year termAll shareholder resolutions have passedVotes totaling 41,028,727 common shares or 21.76% of the...
2023-05-25 2:24 PM EDT
Criterium Energy Ltd. Provides Operational Update
Calgary, Alberta--(Newsfile Corp. - March 31, 2023) - Criterium Energy Ltd. (TSXV: CEQ) ("Criterium" or the "Corporation"), 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 (MEMR) issued a press release expressing discontent with the communication provided prior to the...
2023-03-31 8:00 AM EDT