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An announcement from Criterium Energy ( (TSE:CEQ) ) is now available.
Criterium Energy has announced its fully funded 2025 capital plans which include the development of the Southeast Mengoepeh gas field and an active oil workover campaign. The company aims to diversify its production mix with a focus on gas development in the Tungkal PSC, seeking to increase production and cash flows by leveraging a ModularLNG approach. This development is anticipated to help meet Indonesia’s growing domestic energy needs and enhance Criterium’s operational margins and liquidity by reducing amortization payments.
More about Criterium Energy
Criterium Energy Ltd. is an independent upstream energy development and production company focused on energizing growth in Southeast Asia.
YTD Price Performance: -18.75%
Average Trading Volume: 96,880
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$8.71M
For a thorough assessment of CEQ stock, go to TipRanks’ Stock Analysis page.