• The work-over programme has started with the first two work-overs having added a total of ~40 bbl/d. The third work-over was not completed as damaged equipment was encountered downhole.
• The second tranche of work-overs will start in May. Overall, 12-15 work-overs will be undertaken during 2024, at a pace of 2-3 workovers per month, potentially adding a total of 240-300 boe/d.
• The drilling of new wells is expected to start in 3Q24 at a cost of US$1.8 mm per new well. 10 infill development a ....
01 May 2024
Criterium Energy Ltd (TSX-V: CEQ): On track
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Criterium Energy Ltd (TSX-V: CEQ): On track
• The work-over programme has started with the first two work-overs having added a total of ~40 bbl/d. The third work-over was not completed as damaged equipment was encountered downhole.
• The second tranche of work-overs will start in May. Overall, 12-15 work-overs will be undertaken during 2024, at a pace of 2-3 workovers per month, potentially adding a total of 240-300 boe/d.
• The drilling of new wells is expected to start in 3Q24 at a cost of US$1.8 mm per new well. 10 infill development a ....