Criterium Energy Announces 2024 Guidance, Commences Oil Development Activities, Signs Strategic Gas Offtake and Provides Operational Updates [Yahoo! Finance]
TOKYO GAS CO LTD UNSP/ADR (TKGSY)
NASDAQ:AMEX Investor Relations:
tokyo-gas.co.jp/ir/english/library/earn_e.html
Company Research
Source: Yahoo! Finance
year 2024 guidance which is focused primarily on the continued development of assets recently acquired through the Mont D'Or Petroleum Limited (" MOPL ") transaction (the " Acquisition "), along with an update on current operations. With the completion of the MOPL acquisition, Criterium has established an immediate cash flow foundation from existing oil fields and acquired two large blocks at the Tungkal PSC (564,636 acres) and West Salawati PSC (239,692 acres) . These assets offer immediate growth opportunities, including a substantial inventory of low-risk well workover candidates, a large inventory of oil infill drilling locations, and a low-risk discovered gas play anticipated to commence production in 2025-2026 that unlocks significant shareholder value. CEQ's immediate focus is boosting oil production from the Tungkal PSC through a low-risk well workover/reactivation program currently underway, and an infill drilling program to commence in Q3 2024. In addition, both blocks hav
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News
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