Australia's Finder Energy hits record low on 'disappointing' results at WA prospect

Finder Energy Holdings

27/05/2022 03:43

** Shares of Finder Energy  FDR.AX  fall as much as 43.2% to
a record low of A$0.105
    ** The oil and gas explorer provides a "disappointing"
update on its Kanga-1 well in the Dampier Sub-basin, Western
Australia  urn:newsml:reuters.com:*:nASX3DXNBs
    ** Says no commercial hydrocarbons were intersected and the
well will now be plugged and abandoned
    ** FDR down 11.6% since its listing in April, as of last
close 
    

 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))