An update from Finder Energy Holdings Limited ( (AU:FDR) ) is now available.
Finder Energy Holdings Limited announced the results of dynamic reservoir modelling for the Kuda Tasi and Jahal oil fields, predicting high initial production rates between 25,000-40,000 barrels of oil per day. The modelling reinforces the commercial viability of the project, with the potential to produce 10 million barrels in the first 18 months and significant cash flow driven by current oil prices. The update also highlights the potential for expansion through nearby prospects, such as Lanjara, which could double the project’s size. This development positions Finder Energy as a strong player in the oil industry, with robust production capabilities and opportunities for growth.
More about Finder Energy Holdings Limited
Finder Energy Holdings Limited operates in the energy industry, focusing on oil production. The company is involved in the exploration and development of oil fields, with a particular emphasis on high-quality reservoirs to maximize production and cash flow potential.
YTD Price Performance: 30.77%
Average Trading Volume: 267,718
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$14.5M
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