Australia's Finder Energy Holdings drops on discounted placement

Finder Energy Holdings

03/12/2025 04:16

** Finder Energy Holdings FDR.AX drops as much as 4.3% to A$0.45

** Oil and gas explorer to raise A$25 mln ($16.4 mln) through placement

** Offer price of A$0.37 represents 21.3% discount to last close

** Co to acquire PJI from Amplus Energy for $15 million in cash and shares

** Placement to fund Kuda Tasi/Jahal (KTJ) Project through FPSO Petrojarl I (PJI) acquisition

** KTJ project is an oil and gas offshore reserve in Timor-Leste, South-east Asia

** YTD, FDR surges 1,092.31%

($1 = A$1.5209)

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))