• Secure rig for development wells
• Updated production forecasts and FDP
• Debt funding and FID by mid-2026
• Upgrade 2C Resource estimate on Krill & Squilla
• High grade appraisal & exploration upside opportunities

Finder Energy is targeting a series of high impact catalysts on the KTJ Project in Timor-Leste in the first half of 2026, including securing a rig for development wells, updating production forecasts, completing the field development plan (FDP), securing debt funding, and booking 2P reserves. The company has also identified high-grade appraisal and exploration upside opportunities across its Asia Pacific and UK North Sea portfolio. Ownership of the Petrojarl I FPSO is expected to deliver material economic benefits, including a significant reduction in operating expenses, acceleration of the project timeline, and flexibility to tie-back future discoveries or develop the Krill and Squilla oil fields. Finder has entered into a strategic alliance with Schlumberger to accelerate project delivery and has secured a 50% share of the total development capex for the KTJ Project through a farmout agreement with TIMOR GAP. The company is targeting FID by mid-2026 to fast-track development of the Kuda Tasi and Jahal oil fields, which have a combined gross 2C contingent resource of 25 MMbbl, and first oil by the end of 2027, with initial forecast production rates of 25,000-30,000 bopd.

Targeting FID mid-2026 and first oil by the end of 2027, with initial forecast production rates of 25,000-30,000 bopd and ~10 MMbbl produced in the first 18 months.

Finder Energy is focused on executing its acceleration strategy for the KTJ Project, with a pipeline of upcoming catalysts including securing a rig, updating production forecasts, completing the FDP, securing debt funding, and booking 2P reserves, all with the aim of achieving FID by mid-2026 and first oil by the end of 2027.