Criterium Energy Ltd. , an independent upstream energy development and production company focused in Southeast Asia, is pleased to announce the Company has entered into an amended Sale and Purchase Agreement dated December 18, 2023 in connection with the previously announced acquisition of all the issued and outstanding shares of Mont D'Or Petroleum Limited . Positive Updates to Revised Mont D'Or Transaction Improved [...]
Criterium Energy Ltd. , an independent upstream energy development and production company focused in Southeast Asia, is pleased to announce the Company has signed a Letter Of Intent for the arm's length sale of its wholly owned subsidiary which holds a 42.5% non-operated working interest in the Bulu PSC . Upon signing of Definitive Agreement , the Company will issue a press release outlining the type of transaction as per [...]
Criterium Energy Ltd. , an independent upstream energy development and production company focused in Southeast Asia, is pleased to announce the closing of its previously announced upsized, underwritten public offering of equity subscription receipts of the Company for gross proceeds of approximately C$6.7 million. The Public Offering is being conducted alongside a Convertible Loan for aggregate gross proceeds of [...]
Criterium Energy Ltd. , an independent upstream energy development and production company focused in Southeast Asia, is pleased to announce that it has filed and received a receipt for its final short form prospectus filed in each of the provinces of Canada, except for Québec, in respect of its previously announced underwritten offering of equity subscription receipts of the Company , led by Research Capital Corporation [...]
Criterium Energy Ltd. , an independent upstream energy development and production company focused in Southeast Asia, is pleased to announce that, due to strong investor demand, it is increasing the size of its financing for aggregate gross proceeds of approximately C$18.9 million, led by Research Capital Corporation, in connection with the acquisition of all the issued and outstanding shares of Mont D'Or Petroleum Limited [...]
Criterium Energy Ltd. , an independent upstream energy development and production company focused in Southeast Asia, is pleased to announce the restructuring of the acquisition of all the issued and outstanding shares of Mont D'Or Petroleum Limited and proposed amendment to the sale and purchase agreement . Concurrently, the Company is also pleased to announce a C$15.3 million financing led by Research Capital [...]
Criterium Energy Ltd. , an independent upstream energy development and production company focused in Southeast Asia, announces the termination of the previously announced marketed public offering '. After extensive deliberation and in response to current market dynamics, Criterium has decided to terminate the previously announced Offering. The Offering and the related acquisition of Mont D'Or Petroleum Limited were [...]
Criterium Energy Ltd. , an independent upstream energy development and production company focused in Southeast Asia, is pleased to provide the following update on its previously announced marketed public offering and executed sale and purchase agreement to acquire all the issued and outstanding shares of Mont D'Or Petroleum Limited . The Company has been working with the TSX Venture Exchange to receive approval for the [...]
Criterium Energy Ltd. , an independent upstream energy development and production company focused in Southeast Asia, is pleased to announce the pricing of its previously announced marketed public offering of subscription receipts of the Company at a price of C$0.20 per Subscription Receipt, for aggregate gross proceeds of up to C$22 million . The Offering is being led by Research Capital Corporation, as lead agent and [...]
Criterium Energy Ltd. , an independent upstream energy development and production company focused in Southeast Asia, is pleased to announce that it has executed a sale and purchase agreement on June 14, 2023 to acquire all the issued and outstanding shares of Mont D'Or Petroleum Limited . MOPL holds 100% operating working interests in two Production Sharing Contracts in Indonesia, the Tungkal PSC located onshore South [...]
Criterium Energy Ltd. , an independent upstream energy development and production company focused in Southeast Asia, is pleased to announce a five to one consolidation of Common Shares effective June 7, 2023. This consolidation was approved by shareholder resolution at the Corporation's annual general and special meeting which took place May 24, 2023 . For further information regarding the consolidation, please refer the [...]
Criterium Energy Ltd. , an independent upstream energy development and production company focused in Southeast Asia, is pleased to announce results from the Corporation's annual general and special meeting which took place May 24, 2023. Highlights All Directors have been re-elected to a one-year term All shareholder resolutions have passed Votes totaling 41,028,727 common shares or 21.76% of the shares outstanding were [...]