Finder Energy Holdings Limited · ASX:FDR
Finder Energy — Investor Presentation (November 2022)
22 slides from Finder Energy's investor presentation, Nov 23, 2022
Slide 1: Leading Oil and Gas Explorer
For personal use only Leading Oil and Gas Explorer JP Equity Presentation | November 2022
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer This presentation has been prepared by Finder Energy Holdings Limited (ACN 656 811 719) (Finder or Company) to provide summary information about Finder and its associated entities and their activities current as at the date of this presentation. The information contai
Slide 3: Highlights
Highlights For personal use only Diversified portfolio within prolific oil & gas 1 regions in the North Sea & North West Shelf North Sea Op Active explorer with a strong track record of 2 finding hydrocarbons 1,732 km2 5 Licences 5 Operated Data-driven, utilising the latest technology 3 in seismic a
Slide 4: Finder Energy Board and Key Management
Finder Energy Board and Key Management For personal use only Bronwyn Barnes Damon Neaves Shane Westlake Fred Wehr (PhD, GAICD) Independent Chairman CEO/MD Technical Director Independent Non-Exec Director Extensive career in the resources sector, worked Over 18 years in leadership roles as an oil Geo
Slide 5: Capital Structure
Capital Structure (ASX:FDR) Capital Structure Unit Shareholder Breakdown For personal use only Shares on issue m 157.5 Longreach (escrowed to 2024) 1.0% Longreach (on market purchases) Share price (21/11/22) A$ 0.115 Other shareholders Market Capitalisation A$m 18.1 Cash (30/9/22)1 A$m 10.0 46.6% 52
Slide 6: Track Record
Track Record Creating value early in the exploration cycle For personal use only • 18 year history of successfully executing farmout model (29 farmout/divestment transactions) • History of consistently achieving return on capital pre-drill, whilst retaining exposure to drilling • Major discoveries a
Slide 7: Value Creation Model
Value Creation Model Finder’s model returns value in the pre-drill phase and provides leverage to high impact wells For personal use only Strategy • Capture acreage in NWS & North Sea ‘Super Basins’ Pre-drill phase Drill phase Value Low risk value creation High risk/high reward • Realise value and t
Slide 8: UK North Sea - North Sea Portfolio
UK North Sea - North Sea Portfolio UK North Sea has produced For personal use only > 45 billion barrels oil equivalent Yew P2502 Key Portfolio Statistics 50% 5 1,732 km2 Licenses Gross acreage N • High quality portfolio in proven basins 50 km surrounded by giant oil fields Johan Svedrup Finder licen
Slide 9: Why UK? The right time, right place
Why UK? The right time, right place For personal use only • North Sea ‘Super Basin’ has extensive infrastructure and 3D seismic data coverage UK demand for oil and gas is forecast to • UK energy crisis – increased post-Covid demand, Russian sanctions and price outstrip supply in all energy transitio
Slide 10: UK North Sea ILX Exploration Opportunities
UK North Sea ILX Exploration Opportunities Central North Sea Northern North Sea For personal use only Claymore Tiffany Piper P2527 – WhiteAthena Bear AthenaScapa Sleipner Vest Magnus Highlander Saltire Toni Tartan Balloch Thelma Utgard Utgard New repro 3D Sleipner MacCulloch data-quality uplift Scot
Slide 11: Buzzard Area – P2527, P2528 & P2530
Buzzard Area – P2527, P2528 & P2530 P2527 Big Buzz • Dana Petroleum farmed into all 3 blocks in Nov ‘22 3D Repro Rochelle Britannia 662 MMboe For personal use only Golden Eagle 125 MMbbl Tweedsmuir • A$2.3m cash on completion, expected to be received by early December 2022 Ettrick Bucchan Buzzard Bl
Slide 12: P2524 – South Viking Graben ILX
P2524 – South Viking Graben ILX 16/22-5 Barracuda 16/23-5 • Located in prolific South Viking Graben, adjacent to producing fields Oil Discovery Updip shale well Prospect For personal use only TVDSS (m) • Latest PSDM 3D seismic data high-grades prospectivity • Proven petroleum system, down dip full-t
Slide 13: Australia - North West Shelf Portfolio
Australia - North West Shelf Portfolio NWS has produced AC/P 61 For personal use only Gem 50% >10 billion barrels oil equivalent Bonaparte Basin Finder Portfolio Statistics 4 12,771 km2 Permits Gross acreage Browse Basin Strategically positioned in the most prospective areas in the NWS WA-547-P 1. a
Slide 14: Australia - High equity positions in prolific basins
Australia - High equity positions in prolific basins For personal use only Northern Carnarvon Basin Vulcan Sub-basin Phoenix Proven Play Oliver Phoenix South surrounded by Roc full-to-spill WA-542-P2 Pavo discoveries Audacious Dorado Mutineer Pavo Sth Tenacious Exeter 2 x wells (‘23) Cash/Maple Jabi
Slide 15: AC/P Premier Address - Surrounded by HC discoveries
AC/P 61 Premier Address - Surrounded by HC discoveries Regional Plover Depth Map Swan Puffin Gross Prospective Resources Maple/Cash Oil (MMbbl)1 For personal use only Cassini Willeroo-1 Allaroo-1 Brontosaurus-1 Challis Orchid-1 Ponderosa Tenacious LOW BEST HIGH Jabiru Pengana-1 Douglas-1 46 137 320
Slide 16: WA-547-P - Dorado Play Extension
WA-547-P - Dorado Play Extension Reinvestment in Basin Phoenix Favre For personal use only Phoenix • 100% owned South Palma Channel Incision • Strategic investment secures material position along WA-542-P Dorado/Roc Pavo-1 (Nth) 2C 422 MMboe underexplored Dorado trend 2C 43 MMboe • Finder awarded hi
Slide 17: Dorado Trend - Tell Tale Sign
Dorado Trend - Tell Tale Sign Fluid Escape Features (FEF’s) WA-547-P – Brees Prospect FEF Dorado – FEF1 For personal use only • Carnarvon Energy identify seismic hydrocarbon indications, called FEF’s, above ALL discoveries to date2. FEF FEF • Finder identify similar FEF features on 3D seismic over W
Slide 18: Immediate Focus
Immediate Focus For personal use only 1 Farmouts to fund drilling 2 Portfolio growth - bid rounds and acquisitions 3 Energy transition 18
Slide 19: Investment Highlights
Investment Highlights For personal use only Strong Industry leading Actively farming Prized NWS & exploration Track record of NWS and North out to secure North Sea potential value creation Sea databases future drilling portfolio covering and expertise opportunities multiple plays 2020 Gem 3D acquisi
Slide 20: Appendix
For personal use only Appendix 20
Slide 21: Prospective Resources – NWS Australia
Prospective Resources – NWS Australia ERC Equipoise Pte Ltd (ERCE) – Independent Technical Specialist Report (ITSR), Evaluation Date 11 February 2022 For personal use only Unrisked Prospective Oil Resources (MMstb) Geological Permit Prospect Gross Net Chance of Success (%) 1U (Low) 2U (Best) 3U (Hig
Slide 22: For personal use only
For personal use only +61 8 9327 0100 info@finderenergy.com www.finderenergy.com 22
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