Finder Energy Holdings Limited (AU:FDR) has released an update.
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Finder Energy Holdings Limited has completed a significant acquisition, securing a 76% stake in the PSC 19-11 block offshore Timor-Leste, marking its transition from exploration to development. The company has booked substantial oil resources and has initiated a work program to advance the Kuda Tasi and Jahal oil fields. Furthermore, Finder has successfully raised $6 million through a rights issue, bolstering its financial position for future projects.
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