Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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
For a thorough assessment of CEQ stock, go to TipRanks’ Stock Analysis page.