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Finder Energy Holdings Limited (ASX:FDR)

ALERT: Price-sensitive ASX Announcement for FDR
Current share price for FDR : $0.370 -0.025 (-6.33%)+
Announcement
Release
28 Jan 2026 8:19AM
Price at Release
$0.395
Full Release
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Summary
Finder Energy Holdings Limited (FDR) has outlined a strategic collaboration with SLB to expedite the development of the Kuda Tasi and Jahal oil fields in Timor-Leste as part of its KTJ Project. TIMOR GAP has increased its stake in the project to 34% and will fund half of the development costs. The project aims for Final Investment Decision (FID) by mid-2026 and First Oil by late 2027. FDR holds a 66% interest and through its alliance with SLB, has advanced the project's FEED components significantly ahead of schedule. Petrojarl I FPSO will be integrated to support FID objectives. With a market capitalisation of $211 million, FDR continues to focus on key strategic initiatives and high-impact exploration opportunities in 2026.
Key Points
  • Finder Energy Holdings Limited (FDR) has entered a strategic alliance with SLB to accelerate the development of the Kuda Tasi and Jahal oil fields in Timor-Leste.
  • TIMOR GAP has increased its participating interest from 24% to 34% in the KTJ Project and will contribute 50% of the development capex.
  • The KTJ Project aims for Final Investment Decision (FID) by mid-2026 and First Oil by the end of 2027.
  • FDR's forward expenditure is reduced through a collaborative contracting model with SLB.
  • FDR retains a 66% participating interest and operatorship in the KTJ Project.
  • Accelerated Front End Engineering and Design (FEED) components were completed 12 months ahead of schedule.
  • The Petrojarl I Floating Production, Storage and Offtake (FPSO) vessel is planned to be integrated into the project to achieve FID by mid-2026.
  • FDR is targeting a series of high impact catalysts and strategic priorities in 1H 2026, including securing drilling rigs and updated production forecasts.
  • Timor-Leste's oil and gas resources are a key focus in FDR's exploration and development strategy.
  • FDR's market capitalisation is $211 million as of January 2026, with a share price of 42.5 cents.
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.