Fin­der taps in­vestors for $150m

The Australian Energy Review - - NEWS -

Perth-based oil and gas ex­plorer Fin­der is hop­ing to raise $150 mil­lion to drill five wells off the WA coast in 2018.

The joint ven­ture with en­ergy ser­vices com­pany Fu­gro holds ex­plo­ration blocks ad­ja­cent to the Browse Basin and North­ern Carnar­von Basin, which are be­lieved to con­tain up to 600 mil­lion bar­rels of oil and gas equiv­a­lent.

At a re­cent in­vestor pre­sen­ta­tion, Fin­der said it would like to be­gin drilling in the third quar­ter of 2018.

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