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Finder Energy Holdings Limited (ASX:FDR)

ALERT: Price-sensitive ASX Announcement for FDR
Current share price for FDR : $0.260 -0.025 (-8.77%)+
Announcement
Release
9 Jul 2026 8:23AM
Price at Release
$0.285
Full Release
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Summary
Finder Energy Holdings Limited announced that the Autoridade Nacional do Petróleo (ANP) has approved the Field Development Plan (FDP) for the Kuda Tasi and Jahal fields, marking a major milestone in the KTJ Project. This approval de-risks the project by providing the regulatory framework and enabling progression to the Final Investment Decision (FID), expected in the current quarter. The development will leverage the redeployed Petrojarl I FPSO and involve three production wells with infrastructure designed to support future expansions. The approval showcases Timor-Leste's regulatory efficacy and sets the stage for the project to achieve first oil between late 2027 and early 2028.
Key Points
  • ANP approved Field Development Plan for KTJ Project.
  • FDP approval de-risks the project and enables FID.
  • KTJ Project involves three production wells and FPSO.
  • First oil targeted for late 2027 to early 2028.
  • Timor-Leste's regulatory framework supports development.
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.