Finder Energy Advances Exploration with Farmouts

Finder Energy Holdings Limited (AU:FDR) has released an update.

Finder Energy Holdings Limited is actively seeking farmout partners to support its drilling activities, with negotiations taking place at various dataroom presentations and a significant presence at the BEOS Conference in London. The company has reported progress in interpreting seismic data on the gas/condensate-rich P2610 Boaz prospect, and has secured an extension on tenure for the WA-547-P, which boasts multiple large prospects. Despite increased quarterly expenditures, Finder Energy maintains a closing cash balance of $7.5 million.

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