Finder Energy Holdings Limited entered into an agreement to acquire AC/P 61 in Vulcan sub-basin from Fugro Exploration Pty Ltd.

Finder Energy Holdings Limited (ASX:FDR) entered into an agreement to acquire AC/P 61 in Vulcan sub-basin from Fugro Exploration Pty Ltd on March 16, 2023. In consideration for the acquisition, Finder has granted Fugro a 1.5% royalty interest on sale of future production from AC/P 61. Following the transaction, Finder's interest in AC/P 61 will increase to 100%.

The transaction is conditional on the usual regulatory approvals.