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Finder Energy Holdings Limited ( (AU:FDR) ) has issued an announcement.
Finder Energy Holdings Limited is accelerating the development of the Kuda Tasi and Jahal oil fields in Timor-Leste, with a forecasted production rate of 25,000 barrels of oil per day. The company has secured 50% of the development capital expenditure for the KTJ Project through a farm-in agreement with TIMOR GAP, and is progressing towards a final investment decision with key steps such as FPSO selection and securing a rig for development wells.
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 and has a market focus on regions such as the Asia Pacific and the UK North Sea.
Average Trading Volume: 1,558,023
Technical Sentiment Signal: Buy
Current Market Cap: A$223.8M
For detailed information about FDR stock, go to TipRanks’ Stock Analysis page.