Criterium Energy Ltd. News Releases

Criterium Energy Provides Tungkal PSC Update and Outlines 2026 Budget

Tue, 10 Feb 2026 07:30:00 -0500

Transformational 2025 results highlighted by successful production tests at SE-MGH (8 mmcf/d2) and N-MGH (2.5 mmcf/d3)SE-MGH total project capex reduced to US$2.0 million net to Criterium. First gas, anticipated in Q2 2026, to be achieved within cashflowPGN selected as offtaker, progressing to binding Gas Sales Agreement. Pipeline contract signed and site preparation commencedCalgary, Alberta--(Newsfile Corp. - February 10, 2026) - Criterium Energy Ltd. (TSXV: CEQ) ("Criterium" or the...

Criterium Energy Provides Gas Development Update and Releases Q3 Financial Results

Thu, 20 Nov 2025 07:30:00 -0500

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 development.Calgary, Alberta--(Newsfile Corp. - November 20, 2025) - Criterium...

Criterium Energy Announces Successful Re-Entry and Test of SEM-01 and Releases Q2 Financial Results

Wed, 27 Aug 2025 07:30:00 -0400

Successful extended well test of SEM-01 with rates of 7-8 mmcf/d1Project on schedule and budget with total project costs reduced to US$2.5-$4 million - first gas remains on track for Q1 2026Over 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 priceCalgary, Alberta--(Newsfile Corp. - August 27, 2025) - Criterium Energy Ltd. (TSXV: CEQ) ("Criterium" or the "Company"), an independent upstream energy...

Criterium Energy Announces Positive Preliminary Gas Test Results at North Mengoepeh and Provides Preliminary Q2 Operating Results

Wed, 30 Jul 2025 07:40:00 -0400

Successful initial flow test on the MGH-20 well in North Mengoepeh with an initial rate of 2.5 MMcf/d1Re-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 PlantAveraged 890 bbl/d2 of production in the second quarter of 2025, up from 821 bbl/d2 in the same quarter of the prior year. Calgary, Alberta--(Newsfile Corp. - July 30, 2025) - Criterium Energy...

Criterium Energy Ltd. Announces Results of Annual General Meeting

Wed, 18 Jun 2025 23:55:00 -0400

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 and...

Criterium Energy Announces Filing of Q1 2025 Financial Results and Provides Operational Update

Fri, 30 May 2025 07:30:00 -0400

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 developments in the Tungkal PSC, remains on track and...

Criterium Energy Announces 2024 Year End Results and Provides Operational Update

Mon, 12 May 2025 07:30:00 -0400

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 (2C Resource of 15 bcf4) to be first of several gas developments within the Tungkal PSC.Calgary, Alberta--(Newsfile Corp. - May 12, 2025) -...

Criterium Energy Provides Update to Voluntary Application for Management Cease Trade Order

Fri, 02 May 2025 18:45:00 -0400

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...

Criterium Energy Announces Anticipated Late Filing of Annual Financial Statements and Voluntary Application for Management Cease Trade Order

Wed, 30 Apr 2025 23:50:00 -0400

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...

Criterium Energy Announces 160% Reserve Replacement Ratio and Increased Gas Resource at Year-End 2024

Mon, 17 Mar 2025 07:30:00 -0400

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 NPV101, equating to...