Criterium Energy Ltd. Stock Analysis CEQ.V

Criterium Energy Ltd. is an oil and gas exploration company, which engages in the exploration and development of the Bulu PSC located in Indonesia. The company is headquartered in Calgary, Alberta. The firm is engaged in the production, development and exploration for the sale of oil and natural gas in Southeast Asia. The firm is developing two core PSCs in Indonesia- a light oil and potential gas play in the Tungkal PSC, located in South Sumatra, and an oil play in the West Salawati PSC, located in the West Papua province of Indonesia. The firm also holds a 42.5% non-operated working interest in the Bulu PSC, offshore Central Java. The West Salawati PSC is located in West Papua, covering an area of 970 square kilometers (km2) (240,000 acres) and contains the Balladewa-A (BLL-A) oil field, which produces approximately 20 bbl/d of oil from one well. The PSC covers an area of 2,285 km2 (565,000 acres) onshore South Sumatra and produces 1,030 bbl/d from the Talang Akar formation.