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An update from Criterium Energy ( (TSE:CEQ) ) is now available.
Criterium Energy reported record 2025 reserves, with proved reserves rising to 2.2 million barrels of oil equivalent, 2P reserves climbing 70% year over year to 7.7 million boe, and 3P reserves reaching 16.5 million boe, driven largely by gas assets now making up more than half of its booked volumes. The company highlighted upgrades and additions at its Southeast Mengoepeh and North Mengoepeh fields, a 2P reserve value of US$50 million, and a sharp increase in contingent resources to 40 million boe, reinforcing its strategy of low-cost growth, portfolio diversification into gas, and balance sheet de‑leveraging through stronger future cash flows.
Criterium’s reserve growth strengthens its Southeast Asian upstream position, signaling improved asset quality and extended production visibility. By converting contingent gas resources into reserves at SE‑MGH, adding N‑MGH reserves at low finding costs, and advancing waterflood and Lemat oil plays, the company has boosted both near‑term gas deliverability and longer‑term oil recovery potential, which may enhance shareholder value through higher free cash flow and improved net asset value over time.
More about Criterium Energy
Criterium Energy Ltd. is an independent upstream energy development and production company focused on Southeast Asia. The Calgary-based firm concentrates on oil and gas projects, leveraging existing infrastructure and technical expertise to grow reserves and cash flow while targeting capital-efficient developments in the region.
Average Trading Volume: 111,478
Technical Sentiment Signal: Hold
Current Market Cap: C$17.05M
For detailed information about CEQ stock, go to TipRanks’ Stock Analysis page.