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Criterium Energy Announces Executive Appointments, and Expected Commencement of Drilling Its First Operated Well in Tungkal PSC, Onshore Indonesia
Calgary, Alberta--(Newsfile Corp. - September 6, 2024) - Criterium Energy Ltd. (TSXV: CEQ) ...
About this update from Criterium Energy Ltd
[{"type":"text","content":"Criterium Energy Announces Executive Appointments, and Expected Commencement of Drilling Its First Operated Well in Tungkal PSC, Onshore IndonesiaCalgary, Alberta--(Newsfile Corp. - September 6, 2024) - Criterium Energy Ltd. (TSXV: CEQ) (\"Criterium\" or the \"Company\"), is pleased to announce the following key executive leadership appointments. In addition, the Company confirms the imminent spud of MGH-43, the first of two planned and operated infill wells to be drilled from a new well-pad within the proven Mengoepeh (\"MGH\") field situated on its 100% owned and operated Tungkal PSC (the \"2024 Program\").Executive AppointmentsEffective immediately, Criterium is pleased to confirm the following appointments to its Executive Leadership team with bios for each individual outlined below.Mr. Matthew Klukas has been appointed President and Chief Executive Officer (\"CEO\") of the Company, transitioning from his previous role as Interim CEO; Dr. Henry Groen has resigned his position as Chief Financial Officer (\"CFO\") of Criterium and has been appointed as a special advisor to the Company; and Mr. Andrew Spitzer has been appointed CFO of the Company, assuming the role from Dr. Groen and transitioning from his previous role as VP Corporate Development. Matthew Klukas is a proven leader in managing multi-disciplinary teams and brings extensive oil and gas technical and commercial experience in SE Asia. Mr. Klukas is a Professional Geophysicist and holds an MBA, with over 15 years of experience in business development and operations. He has demonstrated leadership skills and relationship-building in Criterium's target markets. Prior to assuming the role of Interim CEO in June of 2024, Mr. Klukas served as the Company's Chief Operating Officer since its recapitalization transaction in the fall of 2022 and has been instrumental in the development and execution of the Company's strategy to date. Prior to Criterium, Mr. Klukas worked for Talisman Energy/Repsol in SE Asia. Dr. Henry Groen previously served as the Company's CFO since its recapitalization transaction in the fall of 2022. With his corporate knowledge of the organization, proven skills in finding cost-effective operating, commercial and financial solutions and leading multi-disciplinary and multi-national teams, he will continue to be a meaningful contributor t...