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Criterium Energy ( (TSE:CEQ) ) has shared an announcement.
Criterium Energy announced a significant 160% reserve replacement ratio and a 100% increase in gas resources at the end of 2024. The company’s strategic focus on developing its gas resources is expected to drive future production growth, with initial gas production targeted for the first quarter of 2026. This development is anticipated to provide sustained cash flow and reduce financial risks, enhancing the company’s long-term asset value and positioning in the industry.
More about Criterium Energy
Criterium Energy Ltd. is a company in the oil and gas industry, focusing on the exploration and development of reserves and resources. The company is engaged in the acquisition and development of oil and gas assets, with a market focus on increasing production and reserve replacement ratios.
YTD Price Performance: -20.0%
Average Trading Volume: 119,978
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$8.18M
For an in-depth examination of CEQ stock, go to TipRanks’ Stock Analysis page.