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Finder Energy Holdings Limited ( (AU:FDR) ) has shared an update.
Finder Energy Holdings Limited has announced a significant upgrade in the contingent resources of its Kuda Tasi and Jahal oil fields, verified by RISC Advisory. The gross 2C contingent resource has increased by 14% to 25.5 MMbbl, and the gross 1C contingent resources have risen by 31% to 19 MMbbl. This upgrade, based on new 3D seismic data and comprehensive technical assessments, strengthens the commercial viability of the fields and supports future development and financing activities. The announcement marks a positive step towards the final investment decision expected by mid-2026, enhancing Finder’s position in the energy market and providing a solid foundation for securing project debt.
More about Finder Energy Holdings Limited
Finder Energy Holdings Limited operates in the energy sector, focusing on the exploration and development of oil fields. The company is involved in technical assessments and resource evaluations to enhance its oil field operations, particularly in the Kuda Tasi and Jahal fields.
Average Trading Volume: 1,479,424
Technical Sentiment Signal: Buy
Current Market Cap: A$208.5M
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