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Finder Energy Expands with Timor-Leste Oil Acquisition
Company Announcements

Finder Energy Expands with Timor-Leste Oil Acquisition

Finder Energy Holdings Limited (AU:FDR) has released an update.

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Finder Energy Holdings Limited has completed a significant acquisition, securing a 76% stake in the PSC 19-11 block offshore Timor-Leste, marking its transition from exploration to development. The company has booked substantial oil resources and has initiated a work program to advance the Kuda Tasi and Jahal oil fields. Furthermore, Finder has successfully raised $6 million through a rights issue, bolstering its financial position for future projects.

For further insights into AU:FDR stock, check out TipRanks’ Stock Analysis page.

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