Finder Energy Holdings Limited · ASX:FDR
Finder Energy — Shareholder Meeting (November 2022)
24 slides from Finder Energy's shareholder meeting presentation, Nov 24, 2022
Slide 1: Managing Director Presentation - Annual General Meeting
ASX Announcement 24 November 2022 ASX:FDR Managing Director Presentation - Annual General Meeting In accordance with Listing Rule 3.13.3, Finder Energy Holdings Limited is pleased to provide the attached corporate presentation to be given by Damon Neaves, CEO and Managing Director, at the Annual Gen
Slide 2: Leading Oil and Gas Explorer
Leading Oil and Gas Explorer AGM Presentation | 24 November 2022 ASX:FDR
Slide 3: 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 4: Highlights
Highlights 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 acquisition and process
Slide 5: Finder Energy Board and Key Management
Finder Energy Board and Key Management 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 Geophysicist with over 20
Slide 6: Capital Structure (ASX:FDR)
Capital Structure (ASX:FDR) Capital Structure Unit Shareholder Breakdown Shares on issue m 157.5 Longreach (escrowed to 2024) 1.0% Longreach (on market purchases) Share price (23/11/22) A$ 0.115 Other shareholders Market Capitalisation A$m 18.1 Cash (30/9/22)1 A$m 10.0 46.6% 52.4% Debt A$m Nil Enter
Slide 7: Track Record
Track Record Creating value early in the exploration cycle • 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 and divestments have de
Slide 8: Value Creation Model
Value Creation Model Finder’s model returns value in the pre-drill phase and provides leverage to high impact wells 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 take risk off in pre-dr
Slide 9: UK North Sea - North Sea Portfolio
UK North Sea - North Sea Portfolio UK North Sea has produced > 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 licences 3 Billion bbl Stav
Slide 10: Why UK? The right time, right place
Why UK? The right time, right place • 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 transition controlling behaviou
Slide 11: UK North Sea ILX Exploration Opportunities
UK North Sea ILX Exploration Opportunities Central North Sea Northern North Sea Claymore Tiffany Piper Sleipner Vest Magnus Athena Scapa Saltire Toni P2527 – White Bear Athena Highlander Tartan Balloch Thelma Utgard Utgard Sleipner New repro 3D MacCulloch data-quality uplift Scott Galley Burghley Th
Slide 12: Buzzard Area – P2527, P2528 & P2530
Buzzard Area – P2527, P2528 & P2530 P2527 Big Buzz • Dana Petroleum farmed into all 3 blocks in Nov ‘22 Golden Eagle 3D Repro Rochelle Britannia 662 MMboe 125 MMbbl Tweedsmuir • A$2.3m cash on completion, expected to be received by early December 2022 Ettrick Bucchan Buzzard Blackbird 1,076 MMboe Bi
Slide 13: 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 TVDSS (m) • Latest PSDM 3D seismic data high-grades prospectivity • Proven petroleum system, down dip full-to-spill HC discoveries
Slide 14: Australia - North West Shelf Portfolio
Australia - North West Shelf Portfolio NWS has produced AC/P 61 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. along trend from Dorado
Slide 15: Australia - High equity positions in prolific basins
Australia - High equity positions in prolific basins 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 Jabiru Perseus Angel North
Slide 16: AC/P 61 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 Cassini Willeroo-1 Allaroo-1 Brontosaurus-1 Challis Orchid-1 Ponderosa Tenacious LOW BEST HIGH Jabiru Pengana-1 Douglas-1 46 137 320 Augustus-1 Lantana-1 H
Slide 17: WA-547-P - Dorado Play Extension
WA-547-P - Dorado Play Extension Reinvestment in Basin Phoenix Favre 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 highly sought after WA-5
Slide 18: Dorado Trend - Tell Tale Sign
Dorado Trend - Tell Tale Sign Fluid Escape Features (FEF’s) WA-547-P – Brees Prospect FEF Dorado – FEF1 • 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 WA-547-P prospects Carn
Slide 19: Immediate Focus
Immediate Focus 1 Farmouts to fund drilling 2 Portfolio growth - bid rounds and acquisitions 3 Energy transition 18
Slide 20: Investment Highlights
Investment Highlights 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 acquisition 19
Slide 21: Appendix
Ar Finder Appendix
Slide 22: Prospective Resources – NWS Australia
Prospective Resources – NWS Australia ERC Equipoise Pte Ltd (ERCE) – Independent Technical Specialist Report (ITSR), Evaluation Date 11 February 2022 Unrisked Prospective Oil Resources (MMstb) Geological Permit Prospect Gross Net Chance of Success (%) 1U (Low) 2U (Best) 3U (High) 1U (Low) 2U (Best)
Slide 23: Prospective Resources – P2524 North Sea UK
Prospective Resources – P2524 North Sea UK Gross (100%) unrisked Prospective Resources for P2524 Gross Unrisked Prospective Resources1 Geological Prospect or Name Liquids – Oil/Condensate (MMbbl) Natural Gas (BCF)Gas Barrels of Oil Equivalent (MMboe) Chance of Lead Success (%) P90 P50 Pmean P10 P90
Slide 24: www.finderenergy.com
+61 8 9327 0100 info@finderenergy.com www.finderenergy.com 23
Finder Energy Holdings — Shareholder Meeting (November 2022) on 6ix