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Criterium Energy ( (TSE:CEQ) ) just unveiled an update.
Criterium Energy announced positive preliminary gas test results at the North Mengoepeh gas field and ongoing preparations for testing at Southeast Mengoepeh, alongside preliminary Q2 operating results. The successful test at North Mengoepeh suggests potential for increased gas production, which could support future gas sales agreements and pipeline development, aiming for first gas in early 2026. The company also reported an increase in production and stable operating costs, while negotiating a debt-repayment holiday to focus on gas development activities.
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 and production of natural gas and oil, with a particular focus on gas assets in the region.
Average Trading Volume: 76,667
Technical Sentiment Signal: Buy
Current Market Cap: C$12.96M
See more data about CEQ stock on TipRanks’ Stock Analysis page.