Brief: Finder Energy Holdings Says Entered Three Farmout Transactions With Dana Petroleum
07/11/2022 23:00
Nov 8 (Reuters) - Finder Energy Holdings Ltd FDR.AX :
* ENTERED INTO THREE FARMOUT TRANSACTIONS WITH DANA
PETROLEUM
* UNDER TRANSACTIONS, FINDER WILL RECEIVE CASH PAYMENTS ON
COMPLETION TOTALLING £1.3 MILLION
* DEAL TERMS INCLUDE UPFRONT CASH PAYMENTS TO CO AND
CONTRIBUTIONS
TO FORWARD WORK PROGRAM ON LICENCES IN CENTRAL NORTH SEA
* WILL RETAIN 60% INTEREST AND OPERATORSHIP ON ALL THREE
LICENCES
Source text for Eikon: ID:nASXnPLqc
Further company coverage: FDR.AX
((Reuters.Briefs@thomsonreuters.com;))
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