In today’s briefing:
- Criterium Energy Ltd (TSX-V: CEQ): Signing a binding sale agreement for Bulu for US$7.75 mm. Initial US$0.5 mm already received
Criterium Energy Ltd (TSX-V: CEQ): Signing a binding sale agreement for Bulu for US$7.75 mm. Initial US$0.5 mm already received
- Criterium has signed a binding sale agreement for its interest in the Bulu PSC for US$7.75 mm in cash.
- The price is in line with previous indications.
- This is a very important announcement as it provides more clarity on the divestment, the proceeds of which will boost the company’s balance sheet and allow it to accelerate its investment program and grow production faster.
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