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Finder Energy Holdings Limited (ASX:FDR)

ALERT: Price-sensitive ASX Announcement for FDR
Current share price for FDR : $0.335 0.005 (1.52%)+
Announcement
Release
16 Jul 2026 8:17AM
Price at Release
$0.330
Full Release
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Summary
Finder Energy Holdings Limited's corporate presentation outlines its strategic focus on the KTJ Project in Timor-Leste, targeting first oil by late 2027/early 2028. The project is set to produce approximately 30,000 barrels of oil per day initially, with a forecast of 14-15 million barrels in the first two years. The development is supported by strategic partnerships and a robust debt financing process. Finder retains a 66% working interest in the project, with TIMOR GAP covering 50% of the development capex. The high-quality Kuda Tasi and Jahal oil fields are central to KTJ, with significant resource potential identified. The company also has a strong pipeline of opportunities across Timor-Leste, Australia, and the UK North Sea. Strategic infrastructure ownership, including the Petrojarl I vessel, enhances operational efficiency. KTJ's contingent resources have been independently certified by RISC Advisory. Finder Energy's experienced board and management team have a proven track record in project delivery.
Key Points
  • Finder Energy Holdings Limited is focused on the KTJ Project in Timor-Leste, targeting first oil in late 2027/early 2028.
  • The project aims to produce around 30,000 barrels of oil per day initially, with forecasts of 14-15 million barrels over the first two years.
  • Development is de-risked through strategic partnerships and a well-advanced debt financing process.
  • Finder retains a 66% working interest in the KTJ Project, with TIMOR GAP funding 50% of the development capex.
  • The project involves high-quality oil fields Kuda Tasi and Jahal, with significant resource potential identified.
  • The company has a strong pipeline of exploration and development opportunities across Timor-Leste, Australia, and the UK North Sea.
  • Finder Energy has strategic infrastructure ownership, including the Petrojarl I vessel, enhancing operational efficiency.
  • RISC Advisory has independently certified KTJ's contingent resources.
  • The board and management team at Finder Energy have a strong track record of delivering major projects.
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.