In today’s briefing:
- Criterium Energy Ltd (TSX-V: CEQ): Gas development capex only US$3-5 mm. FY25 debt repayment reduced by US$2 mm.
Criterium Energy Ltd (TSX-V: CEQ): Gas development capex only US$3-5 mm. FY25 debt repayment reduced by US$2 mm.
- FY25 oil production is expected to be 1,000-1,200 bbl/d with 8-12 work-overs costing US$0.04-0.07 mm per well (total of US$0.32-US$0.84 mm).
- This in line with our expectations (1,150 bbl/d production and ~US$1 mm capex).
- The capex requirement to reach first gas in 1Q26 at SE MGH based on modular LNG is now estimated at US$3-5 mm (we assumed US$5 mm).
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