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Finder Energy Holdings Limited ( (AU:FDR) ) has shared an announcement.
Finder Energy Holdings Limited has entered into a Farmin Agreement with TIMOR GAP, increasing TIMOR GAP’s stake in the KTJ Project from 24% to 34%. This agreement is a significant step forward for the project, as TIMOR GAP will contribute 50% of the development capex up to US$338 million, de-risking the project and reinforcing its strategic importance. Finder retains a 66% interest and operatorship, ensuring control over the project’s accelerated timeline towards a Final Investment Decision by mid-2026. The collaboration with TIMOR GAP aligns with Timor-Leste’s nation-building strategy and strengthens Finder’s position to secure further funding and finalize critical project elements.
More about Finder Energy Holdings Limited
Finder Energy Holdings Limited operates in the energy sector, focusing on oil and gas exploration and development. The company is involved in projects that aim to harness and develop energy resources, with a particular emphasis on strategic partnerships and joint ventures to advance its projects.
Average Trading Volume: 754,545
Technical Sentiment Signal: Buy
Current Market Cap: A$70.76M
For a thorough assessment of FDR stock, go to TipRanks’ Stock Analysis page.