Australia's Finder Energy hits 17-month high on deal to develop oil fields faster

Finder Energy Holdings

17/06/2025 02:09

** Shares of Finder Energy Holdings FDR.AX rise as much as 26.2% to A$0.082 to hit highest level since January 12, 2024; last up 21.5%

** Oil and gas explorer heading for best day since January 6, 2025, if gains hold

** Finder signs agreement with energy technology company SLB to advance development of its  Kuda Tasi and Jahal oil fields near Timor-Leste

** Says deal will accelerate completion of key drilling and subsea front-end engineering and design components of oilfields by about 12 months

** Stock up ~102% this year, including the day's move

(Reporting by John Biju in Bengaluru)

((John.Biju@thomsonreuters.com))