Finder Energy Holdings Limited ( (AU:FDR) ) has provided an update.
Finder Energy Holdings Limited has made significant progress in its Ikan 3D seismic data reprocessing project, achieving 95% completion within budget. The company is advancing technical studies and evaluating artificial lift systems for its KTJ Project. It is also actively pursuing partial divestment processes for PSC 19-11 and exploring funding options. Additionally, Finder is evaluating infrastructure for the KTJ Project and has appointed Luis Pereira as Country Representative for Timor-Leste, marking a milestone with the hiring of its first Timorese National. The company aims to accelerate the development of the Kuda Tasi and Jahal Oil Fields, which are in the Concept Select Phase, to refine development concepts and economics.
More about Finder Energy Holdings Limited
Finder Energy Holdings Limited operates in the oil and gas industry, focusing on the development, appraisal, and exploration of oil fields. The company is actively involved in projects in Timor-Leste, the UK North Sea, and the North West Shelf of Australia, with a particular emphasis on fast-tracking the development of the Kuda Tasi and Jahal Oil Fields.
YTD Price Performance: -5.00%
Average Trading Volume: 425,598
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$10.8M
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