Australia’s leading independent law firm, Corrs Chambers Westgarth, has advised Finder Energy Holdings (Finder) on its initial public offering (IPO) and subsequent listing on the Australian Securities Exchange today under the ticker ASX:FDR.

Following the successful completion of its IPO, Finder commenced trading on the ASX at 8.30 am (AWST) / 10.30 am (AEST) on Friday, 8 April 2022. Finder raised A$15 million via the issue of 75 million shares at A$0.20 per share, to fund planned exploration and development activities.

Established in 2004, Finder is a Western Australia-based oil and gas explorer. Finder has built a portfolio of prospective exploration permits in two of the world’s premier hydrocarbon basins, the North West Shelf of Australia and the UK North Sea.

The matter was led by partners Oliver Carrick and Peter Jarosek, supported by special counsel Marisa Orr and lawyer Kristen Henshaw. Corrs advised Finder on key aspects of the IPO and ASX listing, drawing on the combined expertise of the Corporate, and Energy and Natural Resources teams.

Commenting on the matter, partner Oliver Carrick said: “Congratulations to Finder on their successful IPO and listing on the ASX today which reflects increased activity in the global resources market and heightened oil prices.

“This is a significant milestone and we wish Finder all the best with their next phase growth.”

Finder’s Managing Director and CEO, Damon Neaves said: “This is an exciting moment for Finder and our new shareholders. The industry is seeing record earnings being reported and demand for oil continues to grow. We are anticipating a resurgence in exploration investment by the industry.”