Finder Energy Holdings Limited (AU:FDR) has released an update.
Finder Energy Holdings Limited has announced the completion of its acquisition of a 76% interest in PSC 19-11 oil fields in Timor-Leste, marking a significant transformation into an oil developer with 34 million barrels of discovered oil. Managing Director Damon Neaves expressed enthusiasm for the rapid development and value creation ahead, highlighting strong government and joint venture support. The company also reminds shareholders that the entitlement offer remains open until September 6, 2024.
For further insights into AU:FDR stock, check out TipRanks’ Stock Analysis page.
