Investor Presentaiton

Mont D'Or Transaction Criterium's foundational acquisition provides material accretive growth within free cash flow C CRITERIUM ENERGY ■ Criterium is acquiring Mont D'Or Petroleum Limited (Mont D'Or or MOPL) for the assumption of US$25.5MM of 7.95% debt plus US$1MM in shares Currently produces 1,050 bbl/d with 11.1 MMboe 2P + 2C reserve + resource from two producing onshore assets in Indonesia¹ ■ US$58 MM (C$79.5 MM) 2P NPV10, independently valued¹ ■ Increase production in the near-term by executing identified infill wells and workovers ■ Material production and reserves increase is realized through the monetization of discovered gas, step out developments, and secondary recovery ■ Provides immediate cash flow and opportunities for sustainable value creation Transaction Metrics $26.5 Production (boe/d) 1,2 Cash Flow (US$MM) 1,2 6,100 61 Existing Wells Infills (2P) Existing Wells Infills (2P) MOPL Debt (US$MM) (Cash profile based on Existing wells & infill only) Debt Balance Cash Balance US$ MM Assumed Purchase Price (EV) 2024 EBITDA 1x Gas Monetization (2C) Step-Out Production Value ($/bopd) $25,300 2P ($/bbl) $5.6 2,100 2P NPV(10%) 2.4x Cash Balance at Closing $8.5 1,050 Debt at Closing $16.0 2023 2024 1 The Reserve Report 2025 Gas Monetization (2C) Step Out 13 2023 25 16 2024 2025 12 8 8 7 2 YE 2024 YE 2025 2 Production and cash flow projections of Existing wells and Infills are based on the Reserve Report and estimates for Gas-Monetization and Step-Out are management estimates based on the development of select contingent and prospective resources Closing 6

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