Australia's Finder Energy rises on agreement to acquire exploration permit

Finder Energy Holdings

16/03/2023 01:35

** Shares of Finder Energy Holdings Ltd  FDR.AX  rise as
much as 2.4% to A$0.085, set for best day since Feb 14, if gains
hold 
    ** Oil and gas explorer enters into agreement to acquire
additional 50% interest in AC/P 61 exploration permit located at
Vulcan Sub-basin in  Australia 
    ** Says permit contains Gem Prospect which contains
potential for large oil resources and is surrounded by full
to-spill oil and gas discoveries
    ** Says acquisition increases co's increasing Finder's
interest in AC/P 61 to 100% 
    ** Shares of co are down 6.7% YTD as of last close 
   

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))