Finder Energy Holdings Ltd Quarterly Activities Report
Key points
- Field Development Plan approved, clearing path to Final Investment Decision
- Environmental Impact Statement and Field Development Plan submitted
- Secured manufacturing capacity and delivery windows for critical equipment
- Advanced Petrojarl I redeployment with FEED completed and tenders received
- Development funding substantially de-risked with $27 million placement
Full summary
Finder Energy Holdings Ltd reported significant progress in the KTJ Project, including the approval of the Field Development Plan by the ANP, submission of the Environmental Impact Statement and Field Development Plan, securing manufacturing capacity for long-lead equipment, and substantial completion of FEED for the Petrojarl I redeployment. The company also completed a $27 million placement, de-risking development funding, and continued to advance project financing. Cash at the end of the quarter stood at $32.4 million.
Guidance
Cash at the end of the quarter was $32.4 million.
Outlook
The company is on track to reach Final Investment Decision in Q3 2026, with continued progress in regulatory approvals, engineering, procurement, and financing.
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