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Finder Energy Holdings Limited ( (AU:FDR) ) has provided an announcement.
Finder Energy Holdings Limited is accelerating the development of the Kuda Tasi and Jahal oil fields in Timor-Leste, with an initial forecast production rate of 25,000 barrels of oil per day. The company has secured 50% of the development capital expenditure under a farm-in agreement with TIMOR GAP, marking a significant step towards achieving a powerful cash flow and advancing its strategic positioning in the industry.
More about Finder Energy Holdings Limited
Finder Energy Holdings Limited operates in the energy sector, focusing on oil exploration and production. The company is involved in developing oil fields, particularly in the Asia Pacific region and the UK North Sea, aiming to capitalize on high-impact appraisal and exploration opportunities.
Average Trading Volume: 1,741,921
Technical Sentiment Signal: Buy
Current Market Cap: A$171.5M
Learn more about FDR stock on TipRanks’ Stock Analysis page.