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Finder Energy Holdings Limited (ASX:FDR)

ALERT: Price-sensitive ASX Announcement for FDR
Current share price for FDR : $0.340 -0.025 (-6.85%)+
Announcement
Release
28 May 2026 8:17AM
Price at Release
$0.365
Full Release
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Summary
Finder Energy Holdings Limited announced significant progress toward the Final Investment Decision (FID) for the Kuda Tasi and Jahal (KTJ) Project, with key regulatory and technical approvals underway. The Environmental Impact Statement (EIS) and the Field Development Plan (FDP) have been submitted, and the company is advancing debt financing supported by favorable Brent prices. An Invitation to Tender has been issued for redeploying the Petrojarl I FPSO, and preparations for the 2027 drilling campaign are progressing. The project aims to establish a production hub with long-term growth potential within PSC 19-11, with a focus on early procurement and integration activities to expedite First Oil by late 2027 or early 2028.
Key Points
  • FID for KTJ Project targeted for mid-2026
  • EIS and FDP submitted for approval
  • Debt financing supported by strong Brent prices
  • Invitation to Tender for Petrojarl I FPSO redeployment
  • 2027 drilling campaign preparations ongoing
  • KTJ Project to establish a production hub
  • Feasibility assessment of future tie-backs
  • Support from TIMOR GAP and regulatory bodies
  • Project aims for First Oil by late 2027/early 2028
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.