In today’s briefing:
- Criterium Energy Ltd (TSX-V: CEQ): Growth within cashflow
Criterium Energy Ltd (TSX-V: CEQ): Growth within cashflow
- The FY24 guidance reflects a self-funded development and debt repayment programme.
- While a reduced capital programme, we believe this is a prudent strategy with upside optionality should additional funds from the Bulu sale or higher oil prices materialize.
- As a result of the Bulu sale not completed yet, Criterium is carrying more debt than we expected (the repayment of US$5.5 mm of debt in March would have also triggered a US$3.8 mm debt write down).
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