• The FY22 financials were in line with our expectations. The company held C$3.7 mm in cash at YE22. • Criterium has also filed the notice of intention to file a short form prospectus. This could be an indication that the company is close to announcing an acquisition and/or an equity transaction. • With many sellers looking to reduce their exposure to hydrocarbons, a management team with extensive experience in South East Asia and limited competition, Criterium is targeting the acquisition of 1- ....