LONDON (Reuters) - Australia-focused oil and gas explorer Finder Exploration is seeking to raise $150 million for the drilling of five wells off the country's northwest coast, a document seen by Reuters showed.
The wells could hold as much as 600 million barrels of oil and gas equivalent, the privately owned company said in a presentation to potential investors.
Finder, a joint venture with energy services company Fugro <FUGRc.AS>, hopes to start drilling in the third quarter of 2018.
The exploration blocks are adjacent to the Browse basin and Northern Carnarvon basin, where a number of large oil companies including Exxon Mobil <XOM.N> and Royal Dutch Shell <RDSa.L> operate.
(Reporting by Ron Bousso; Editing by Dale Hudson)
