Criterium Energy Boosts Production and Advances Gas Field Development

The latest update is out from Criterium Energy ( (TSE:CEQ) ).

Criterium Energy reported significant progress in the development of the Southeast Mengoepeh gas field, marked by a Memorandum of Understanding with PT BlueEnergy for gas offtake and exploring new technologies for gas transport. The company achieved a notable increase in production, exiting December with 960 barrels per day and reaching an average of 1,020 barrels per day in January 2025. Operational improvements, including 15 workovers in 2024, resulted in a 65% increase in field production over Q4 2023 and significant cost reductions, enhancing cash flow and positioning Criterium for further growth.

More about Criterium Energy

Criterium Energy Ltd. is an independent upstream energy development and production company focused on energizing growth in Southeast Asia. The company is involved in the development of gas resources and production activities, with a focus on cost reduction and operational efficiency.

YTD Price Performance: -6.25%

Average Trading Volume: 113,008

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$10.05M

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