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Why Did Finder Energy Farm Out 40% of Its North Sea Licence to Serica Energy?

9:58am on Tuesday 4th of November, 2025 AEDT Energy
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Why Did Finder Energy Farm Out 40% of Its North Sea Licence to Serica Energy?

9:58am on Tuesday 4th of November, 2025 AEDT
Key Points
  • Farmout agreement assigns 40% interest in P2530 licence to Serica Energy
  • Finder retains 20% interest and operatorship of the licence
  • Transaction includes upfront payment, cost carry, and conditional milestone payment
  • North Sea Transition Authority approval and licence extensions are pending
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