Criterium Energy Ltd.

SE-MGH pipeline construction ongoing Pipeline contract reassigned to PT Olindo, mitigating construction risk and supporting project execution April oil lifting realized US$121/bbl, a premium to Dated Brent and Indonesian Crude Price benchmarks Extension granted for commercial production at Bulu to September 2028 Criterium Energy Ltd. , an independent upstream energy development and production company focused on energizing [...]

Criterium Energy Ltd. , an independent upstream energy development and production company focused on energizing growth for Southeast Asia, today announced that it has appointed Mr. Ben Arnott to Criterium's Board of Directors and provided information related to the Company's upcoming Annual General Meeting. Appointment of Mr. Ben Arnott as Non-Independent Director and Strategic Advisor Criterium is pleased to announce the [...]

Focused capital deployment in 2025 of US$1.9 million resulted in reserve additions of 24 bcf1, at a cost of US$0.45/2P boe. Maintained production while increasing cash flow from operations; 2025 cash flow from operations of US$3.5 million. SE-MGH pipeline construction commenced in Q1 2026 supporting expected near-term production addition of 5-8 mmcf/d1. March 2026 oil liftings realized US$105/bbl, representing a premium [...]

Record high 1P reserves of 2.2 MMboe, 2P reserves of 7.7 MMboe, and 3P reserves of 16.5 MMboe1. Upgraded SE-MGH and added N-MGH to reserves at an efficient US$0.1/2P mcf 2. 2P Reserve NPV10 of US$50 million, equivalent to C$0.50 per common share3 and calculated on Brent price deck averaging US$67/bbl from 2026 - 2030. SE-MGH upgraded to reserves along with 40% increase in base case recoverable volumes to 21 bcf . Robust [...]

Transformational 2025 results highlighted by successful production tests at SE-MGH and N-MGH SE-MGH total project capex reduced to US$2.0 million net to Criterium. First gas, anticipated in Q2 2026, to be achieved within cashflow PGN selected as offtaker, progressing to binding Gas Sales Agreement. Pipeline contract signed and site preparation commenced Criterium Energy Ltd. , an independent upstream energy development [...]

SE-MGH gas development on track, total project cost reduced to US$2 - $3 million with US$1.7 million spent to date. PT Dredolf Indonesia to construct pipeline, commencing in early 2026. First gas from SE-MGH expected to deliver 5-7 mmcf/d1 in H1 2026. Sustained positive cash flow from operations achieved in Q3 2025. Signing of gas transportation MOU with KJG Pipeline signals strategic shift in Bulu PSC and Lengo gas [...]

Successful extended well test of SEM-01 with rates of 7-8 mmcf/d1 Project on schedule and budget with total project costs reduced to US$2.5-$4 million - first gas remains on track for Q1 2026 Over 10 mmcf/d tested in Q3 2025 between SE-MGH1 and N-MGH2 fields Positive cash flow from operations achieved in Q2 2025 despite reduced oil price Criterium Energy Ltd. , an independent upstream energy development and production [...]

Successful initial flow test on the MGH-20 well in North Mengoepeh with an initial rate of 2.5 MMcf/d1 Re-entry operations at the SEM-1 well in SE-MGH are ongoing in preparation for extended well test in Q3 Decision taken that development of SE-MGH will be via pipeline to the Teluk Rendah Gas Plant Averaged 890 bbl/d2 of production in the second quarter of 2025, up from 821 bbl/d2 in the same quarter of the prior year [...]

Criterium Energy Ltd. , an independent upstream energy development and production company focused on energizing growth for Southeast Asia today announced the results of its Annual General Meeting of Shareholders, which took place on June 17, 2025. These results and the Management Presentation provided are also available on the Company's website: Criterium Energy. "On behalf of the Board of Directors and Management team [...]

Averaged 988 bbl/d3 in the first quarter of 2025, up from 822 bbl/d3 in the same quarter of the prior year. Realized cash flow from operations of C$0.25 million, swinging from negative cash flow in the first quarter of last year. Narrowed net loss by 52% to C$1.2 million, or $0.01 per share, in the first quarter of 2025 versus a loss of C$2.4 million, or $0.02 per share, in the prior year period. Gas development at [...]