• Environmental Impact Statement and Field Development Plan submitted
• Debt financing process progressing with strong interest
• Invitation to Tender issued for Petrojarl I FPSO redeployment
• Secured delivery times for critical long-lead items
• 2027 drilling campaign preparations underway

Finder Energy Holdings Ltd. is pleased to provide an update on the progress of various workstreams as they head towards the Final Investment Decision (FID) for the development of the Kuda Tasi and Jahal oil fields (KTJ Project). The Environmental Impact Statement (EIS) and the Field Development Plan (FDP) have been lodged and are progressing through the approval process. The debt financing process has been supported by a stronger Brent forward curve, enhancing project economics and debt capacity. An Invitation to Tender (ITT) for the shipyard scope of work for the redeployment of the Petrojarl I FPSO has been issued. Delivery times for certain critical path long-lead items have been secured to support an accelerated First Oil targeted for late 2027/early 2028. The 2027 drilling campaign preparations are advancing with rig contracting, critical procurement activities, and drilling management tenders progressing.

No high-importance, price-sensitive financial metrics provided

Finder Energy Holdings Ltd. is progressing towards FID for the KTJ Project, with activities de-risking the development pathway and supporting an accelerated route to First Oil.