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Finder Energy Secures $6 Million to Propel Offshore Oil Project

Story Highlights
  • Finder Energy closed a $6 million placement to boost its offshore oil project.
  • The funds will support technical studies and approvals, strengthening Finder’s market position.
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Finder Energy Secures $6 Million to Propel Offshore Oil Project

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An announcement from Finder Energy Holdings Limited ( (AU:FDR) ) is now available.

Finder Energy Holdings Limited has successfully closed a $6 million placement to accelerate the Kuda Tasi and Jahal Oil Development project to Final Investment Decision (FID). The placement, which saw strong support from new brokers, institutions, and family offices, will enhance Finder’s financial position as it transitions to an offshore development company. The funds will be used for technical and engineering studies, FPSO due diligence, environmental approvals, and reserve certification, positioning Finder for significant upcoming catalysts and shareholder leverage.

More about Finder Energy Holdings Limited

Finder Energy Holdings Limited operates in the energy sector, focusing on offshore oil development projects. The company is transitioning towards becoming an offshore development company, with a market focus on accelerating projects like the Kuda Tasi and Jahal Oil Development.

Average Trading Volume: 447,261

Technical Sentiment Signal: Buy

Current Market Cap: A$23.31M

For an in-depth examination of FDR stock, go to TipRanks’ Overview page.

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