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Energy Holdings Says Modelling Predicts High Oil Production at Oil Fields Offshore Timor-Leste","url":"https://stock-news.laohu8.com/highlight/detail?id=2512480731","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2512480731?lang=en_us&edition=fundamental","pubTime":"2025-02-19 09:54","pubTimestamp":1739930043,"startTime":"0","endTime":"0","summary":"Finder Energy Holdings  said dynamic reservoir modeling predicts an initial production rate in the range of 25,000 to 40,000 barrels of oil per day, depending on facility constraints, at its Kuda Tasi and Jahal oil fields offshore Timor-Leste, according to a Wednesday Australian bourse filing.The model forecasts that 10 million barrels of oil would be produced in the first 18 months of production.The modeling was conducted by Finder and Tyke Petroleum Consultants.Flow testing of the Kuda Tasi-2 appraisal well demonstrated the potential for flow rates of over 20,000 barrels of oil per day per production well.The firm started discussions with oil traders in Asia, noting the light sweet crude from oil fields would be sold to refineries in the region.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK7142","FDR.AU"],"gpt_icon":0},{"id":"2501230954","title":"ASX Biggest Gainers","url":"https://stock-news.laohu8.com/highlight/detail?id=2501230954","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2501230954?lang=en_us&edition=fundamental","pubTime":"2025-01-06 08:19","pubTimestamp":1736122798,"startTime":"0","endTime":"0","summary":"Here 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09:25","pubTimestamp":1730942736,"startTime":"0","endTime":"0","summary":"Australian oil and gas junior Finder Energy  is confident it is on target to make the jump from from explorer to producer with the award of a large permit area offshore Timor-Leste.The company recently signed and completed the acquisition of a 76% operating interest in production sharing contract  19-11 off the coast of Timor-Leste.The area contains an estimated 34 million barrels of discovered oil resources for the Kuda Tasi, Jahal, Krill and Squilla oil fields.Since winning the valuable licensing area in August, Finder has already commenced a work program for PSC 19-11 that includes reprocessing of historical 3D seismic data and concept select engineering for the development of Kuda Tasi and Jahal.Finder recently completed a rights issue and placed the shortfall to raise $6 million, attracting new institutional investors onto the register to support its activities in Timor-Leste.“We will look to capitalise on 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