Australia's Finder Energy rises on three farmout transactions in UK

Finder Energy Holdings

08/11/2022 01:34

** Shares of Finder Energy Holdings Ltd  FDR.AX  rise as
much as 10.7% to A$0.155
    ** The Australia-based oil and gas exploration co says it
has entered into three farmout transactions with Dana Petroleum
in relation to P2527, P2528 and P2530 in the Central North Sea
near the UK  urn:newsml:reuters.com:*:nASX8dvHPB
    ** Co adds it will retain 60% interest and operatorship on
all three licences, which allows for secondary farmouts to
secure funding for wells while still retaining meaningful
participation levels
    ** More than 749,000 shares change hands, vs the 30-day
average volume of 522,000 shares
    ** Stock down 34.9% this year, as of last close
 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@Thomsonreuters.com))