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Finder Energy Holdings Limited (ASX:FDR)

ALERT: Price-sensitive ASX Announcement for FDR
Current share price for FDR : $0.330 -0.03 (-8.33%)+
Announcement
Release
15 Dec 2025 8:21AM
Price at Release
$0.360
Full Release
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Summary
Finder Energy Holdings Limited (ASX:FDR) announced the completion of its acquisition of the Petrojarl I Floating Production Storage and Offloading vessel (PJI) from Amplus Energy (Holdings) Limited. This acquisition provides Finder with complete ownership and control over essential production infrastructure for the Kuda Tasi and Jahal (KTJ) Project, significantly reducing project risks. The ownership is expected to bring strategic and economic benefits, including reduced lifecycle operating costs and improved project economics. The FPSO is currently in a warm-stack lay-up in the Canary Islands, with ongoing surveys and engineering work. Finder is actively integrating the FPSO into the Front-End Engineering Design to optimize the development schedule, targeting a Final Investment Decision by mid-2026. The company has entered into several contracts with Amplus related to engineering design, modification works, and operations to ensure steady-state operations for the KTJ Project.
Key Points
  • Finder completed acquisition of Petrojarl I FPSO.
  • Acquisition reduces KTJ Project risks.
  • FPSO ownership improves project economics.
  • FPSO is in Canary Islands for surveys and engineering.
  • Integration into FEED is underway.
  • Targeting FID by mid-2026.
  • Contracts with Amplus for operations and modifications.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.