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Criterium Energy ( (TSE:CEQ) ) just unveiled an announcement.
Criterium Energy announced its 2024 year-end financial results, highlighting a continued increase in cash flow and a reduction in debt. The company reported a 33% increase in production volumes compared to the previous year, driven by successful workovers in the Mengoepeh oil field. Criterium also emphasized its strategic focus on gas development, with plans to bring several gas projects online to meet domestic demand in Indonesia. The company’s operational updates indicate a positive trajectory in production and financial health, positioning it well for future growth and value creation in the Southeast Asian energy market.
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 oil and gas production, with a strong emphasis on developing its core gas assets in the Tungkal PSC region of Indonesia.
Average Trading Volume: 102,802
Technical Sentiment Signal: Sell
Current Market Cap: C$7.5M
For an in-depth examination of CEQ stock, go to TipRanks’ Stock Analysis page.