FDR.ASX: Corporate Presentation

Corporate Presentation

Stock	Finder Energy Holdings Ltd (FDR.ASX)
Release Time	13 May 2026, 1:09 p.m.
Price Sensitive	Yes

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Finder Energy Advances KTJ Project to First Oil

Key Points

Targeting FID mid-2026 to fast-track development of the Kuda Tasi and Jahal oil fields
Ownership of Petrojarl I FPSO de-risks the project and unlocks strategic and economic benefits
Farmin agreement with TIMOR GAP secures promote on development capex

Full Summary

Finder Energy is targeting a series of high-impact catalysts on the KTJ Project in the first half of 2026, including securing a rig for development wells, completing the RISC CPR and FDP, securing EPCI and other major development contracts, and securing debt funding to reach FID and book 2P reserves. The company's ownership of the Petrojarl I FPSO is expected to de-risk the KTJ Project and unlock strategic and economic benefits, including a significant opex reduction, acceleration of FEED and FID, and the ability to tie-back future discoveries or develop the Krill and Squilla prospects. The farmin agreement with TIMOR GAP secures a promote on the development capex, with TIMOR GAP funding 50% of the total development capex from FID. Finder 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. The project is forecast to deliver powerful cash flow with initial production rates of 25,000 - 30,000 bopd and approximately 14-15 MMbbl produced in the first 2 years. The company also has high-impact appraisal and exploration opportunities across its Asia Pacific and UK North Sea portfolio.

Guidance

Targeting FID 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. Forecast initial production rates of 25,000 - 30,000 bopd and approximately 14-15 MMbbl produced in the first 2 years.

Outlook

Finder Energy is advancing the KTJ project in Timor-Leste, targeting FID by mid-2026 to fast-track development. The company has secured the Petrojarl I FPSO and a farmin agreement with TIMOR GAP, which are expected to deliver strategic and economic benefits. The company also has high-impact appraisal and exploration opportunities across its Asia Pacific and UK North Sea portfolio.