Finder Energy Gets Regulatory Nod for KTJ Development Project

MT Newswires Live

03/27

Finder Energy Holdings (ASX:FDR) has received regulatory approval for the development area covering the Kuda Tasi and Jahal Oil Fields, located off the coast of Timor-Leste, according to a Friday filing with the Australian bourse.

The KTJ development project holds the potential for an additional 23 million barrels and 116 million barrels of gross 2U combined prospective resources.

The company plans to submit a field development plan to the Autoridade Nacional do Petróleo in the second quarter, as per the filing.

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