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Finder Energy Holdings Limited (ASX:FDR)

ALERT: Price-sensitive ASX Announcement for FDR
Current share price for FDR : $0.265 -0.21 (-44.21%)+
Announcement
Release
30 Apr 2026 12:35PM
Price at Release
$0.475
Full Release
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Summary
Finder Energy Holdings Limited continued its progress towards the development of its KTJ Project during the March 2026 quarter. Key achievements included the completion of Front-End Engineering and Design (FEED) for the Subsea Production System and securing approval for the Development Area, which supports the targeted Final Investment Decision (FID) by mid-2026. The company completed a $27 million placement to fund critical Long-Lead Items and aims for First Oil by late 2027/early 2028. Throughout the quarter, Finder Energy focused on technical evaluation and capital management, with exploration and evaluation expenditure totaling $5.7 million. The company's cash and cash equivalents stood at $15 million by the end of the quarter.
Key Points
  • FEED for the Subsea Production System completed successfully.
  • Development Area for KTJ Project approved.
  • P2530 farmout to Serica Energy completed.
  • $27 million placement for Long-Lead Items completed.
  • Focus on Final Investment Decision (FID) mid-2026.
  • KTJ Project aims for First Oil by late 2027/early 2028.
  • $5.7 million spent on exploration and evaluation this quarter.
  • No development or production expenditure this quarter.
  • Cash and cash equivalents at $15 million end of quarter.
  • Ongoing focus on high-impact opportunities and capital management.
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.