Criterium Energy Ltd · TSXV:CEQ
Criterium Energy — Investor Presentation (February 2025)
14 slides from Criterium Energy's investor presentation, Feb 13, 2025
Slide 1: Tungkal Gas Development and 2025 Capital Guidance
Tungkal Gas Development and 2025 Capital Guidance February 2025 Criterium’s Tungkal PSC – South Sumatra, Indonesia Criterium Energy Ltd. (TSXV: CEQ)
Slide 2: Disclaimers and Key Terms
Disclaimers and Key Terms The information in th is presentation is provided as of February 13, 2025 for in formational purposes only, is not complete and does not contain all material information about Crit erium Energy Lt d. or the management team ("Criterium” or “Company” or “Management"), in clu
Slide 3: Introducing Criterium Energy
Introducing Criterium Energy A responsible SE Asia-focused energy company primed for growth Favorable market with expanding energy demand Energy demand growth - Supportive governments - Limited competition ▪ Team has collectively operated >1 MMboe/d globally and >500 Mboe/d in SE Asia Acquiring unde
Slide 4: Criterium's Organic Growth Portfolio
Criterium’s Organic Growth Portfolio Low-risk and material production and development opportunities How We Create Value Production, Reserves, Resources Tungkal West Salawati Bulu 0.1 Production optimization 6.5 Production 2P Reserves2 2C Resource2 New or accelerated development 1,020 bbl/d1 4.7 MMbo
Slide 5: Gas Resource Overview
Gas Resource Overview Tungkal has multiple gas fields that had no access to market at time of discovery Tungkal PSC – Gas Resource Gas In Place To Duri Field (Discovered) Test P90 P50 P10 (MMscf/d) (bcf) (bcf) (bcf) 1. 1 SE MGH (2001)1 8 5 17 62 To Si ngapo re 2. 2 Macan Gedang (1988)1 5 8 13 20 PLT
Slide 6: SE MGH Technical Overview
SE MGH Technical Overview SEM-01 Overview Well log SE-MGH Field (Top GH Sand) ▪ Drilled in 2008 ▪ Intersected ~5-8m Net Pay1 ▪ Tested 8 MMcf/d and 8-13 bpd condensate ▪ Gas HV ~1,100 BTU/scf (CO2<1.5% & H2S = 0%)2 ▪ SEM-01 is currently suspended SEM-01 Resource Estimate Top Reservoir Formation Talan
Slide 7: SE MGH Development Plan
SE MGH Development Plan Underpinned by strong domestic gas demand, Criterium has multiple options for gas egress and sales. Below are two potential opportunities that can deliver Tungkal gas to market in the near term Modular LNG Teluk Rendah Gas Plant (“TRGP”) PT Blue Energy & Galileo Technologies
Slide 8: Gas Development Milestones
Gas Development Milestones Today Q1 2026 (February 2025) SEM-01 Well Gas Sales Project First Gas Test Agreement Development ▪ Utilize Criterium service rig ▪ Long term take or pay fixed price contract ▪ SE-MGH on production ✓ Identified development plans ▪ Confirms well deliverability ▪ Ensures st
Slide 9: 2025 Workover & Infill Program
2025 Workover & Infill Program MGH Depth Structure Map Tungkal PSC Workovers ▪ Conduct 8-12 workovers in MGH field ▪ Evaluating PLT field candidates ▪ Average workover costs US$60k1 ▪ Average workover provides an incremental 30 bbl/d1 Infill & Well Intervention ▪ MGH-43 acidization and zonal isolati
Slide 10: 2025 Capital Guidance
2025 Capital Guidance Approved Capital budget ▪ Fully funded via cash flow from operations ▪ Reduced 2025 lender payments by US$2 MM with options to reduce further if required Program Activity Budget Anticipated impact SE-MGH Development ▪ SE-MGH site preparation US$3 - $5 MM Incremental 4 – 8 MMcf/
Slide 11: www.criteriumenergy.com info@criteriumenergy.com
www.criteriumenergy.com info@criteriumenergy.com +1 (403) 668 1630 Criterium’s Tungkal PSC – South Sumatra, Indonesia 11
Slide 12: Experienced and Driven Leadership Team
Experienced and Driven Leadership Team Proven track record of value creation from production optimization and development in SE Asia and globally Datuk Brian Anderson Dr. Henry Groen Non-Executive Chairman Special Advisor/Chief Representative, MBA, CPA ▪ Former Chairman of Shell Northeast Asia and p
Slide 13: Why SE Asia
Why SE Asia Tailwinds for the energy sector create a favourable environment and long runway for growth A rapidly emerging middle class is driving …where supportive governments …resulting in premium oil and gas pricing record energy demand growth in SE Asia… incentivize domestic production, SE Asia T
Slide 14: Balancing Financial and Social Profit
Balancing Financial and Social Profit How we achieve our results is important Our approach to sustainability is aligned with the United Nations sustainable development goals and underpinned by our drive to support growing economies and communities by responsibly producing and developing reliable ene
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