FDR finder energy holdings limited
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News: FDR Finder Energy Holdings Says Entered Three Farmout Transactions With Dana Petroleum

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    08/11/22
    10:05
    Post #: 64642795

    Nov 8 (Reuters) - Finder Energy Holdings Ltd (FDR) :

    • 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
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