Investor Presentaiton
Bulu: PSC Overview
Fully appraised Lengo gas development in shallow water
Innovative Development Plan
Offshore modular development concept
B
Carbon sequestration provides egress optionality
Indonesia
Bulu PSC
Strait of Malacca
Gulf of
Thailand
South China
Sea
Celebes
Sea
Java
Sea
Bulu PSC
Banda
Sea
Indian
Ocean
Arafura
Sea
■ 25km tie-in utilizes existing gas pipeline
Supportive Government / Regulator
Criterium has met with regulators and offtakers, that are supportive of
development plan
Direct analogue with Conrad Asia's Mako Gas Field
Mako gas field is at a similar stage of development as Lengo
Market valuation is ~$200 MM1
1000km
Gas Field
Gas Pipeline
Demand Center
Expected First Gas
2026 / 2027
2C Resource²
Capital
134 bcf Net Criterium
Pending updated development plan
Timor Sea
Criterium Energy Acreage
Oil Field
Java Sea
Kepodang Field
Kepodang Pipeline
~25km
Semerang
Demand Center
Gresik Semarang,
Pipeline
Gas Sales HOA
Fixed Take or Pay (90%): DCQ = 70 mmcf/d (gross
sales gas) at $6.5 - $7.5/mmbtu
50km
Central Java
1 Based on ASX Market information on May 31, 2023
2 The Resource Report
C
CRITERIUM
ENERGY
Pacific
Ocean
N
Bismarck
Sea
Lengo Field: Bulu PSC
Tuban
Demand Center
Solomon
Sea
N
10.30
2
East Java
Gresik/Surabaya
Demand Center
L
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