Finder Energy Holdings Limited · ASX:FDR
Finder Energy — 5th Timor-Leste Energy, Mining & Business Forum 2025
16 slides from Finder Energy's conference presentation, Nov 26, 2025
Slide 1: Timor-Leste Energy Forum 2025 Presentation
ASX Announcement 26 November 2025 ASX:FDR Timor-Leste Energy Forum 2025 Presentation Finder Energy’s Subsurface Manager, Mr Aaron Bond, presented the Kuda Tasi and Jahal Oil Development at the 5th Timor-Leste Energy, Mining and Business Forum this week in Dili, Timor-Leste. A copy of the presentatio
Slide 2: KTJ Project Fast-Track to First Oil
KTJ Project Fast-Track to First Oil PSC-TL-SO-T 19-11 5th Timor-Leste Energy, Mining & Business Forum 2025 Dili, Timor-Leste November 2025 ASX : FDR 1
Slide 3: PSC 19-11 – KTJ Project & Upside
PSC 19-11 – KTJ Project & Upside Gross (100%) Contingent and Prospective Resources1 Karungu 180 KTJ Project Oil – MMbbl 10 25 MMbbl 160 26 Kuda Tasi 140 Jahal PSC 19-11 30 Lanjara/SW 120 Laminaria/ 66% Corallina 100 49 205 MMbbl 34% Kitan 26 MMbbl 80 Buffalo N 21 MMbbl 60 Krill 9 10 km 14 MMbbl Squi
Slide 4: Sharper Seismic Imaging Unlocks Value
Sharper Seismic Imaging Unlocks Value Modern, high end technology processing Data quality of key reservoir target and delivered outstanding image improvements faults exceeded expectations 2025 Kuda Tasi La nja ra Kita n 2025 Key Reprocessing Objectives • Position development wells to Reservoir Fault
Slide 5: KTJ Resource Upgrade
KTJ Resource Upgrade Independent verification of KTJ Contingent Resources by RISC Advisory KTJ Gross (100%) Contingent Resource (MMbbl) 1C 2C 3C FDR 20241 13.1 21.9 34.0 RISC 20252 19.0 25.5 34.6 Top Reservoir 3D Kuda Tasi Depth Map Revision +5.9 +3.6 +0.6 Movement 31% 14% 2% Contingent Resources in
Slide 6: Strong reservoir performance
Strong reservoir performance JH 1 & ST1 KT 1 KT 2 KT 3 JH 2 KT 4 KT 5 Jahal Kuda Tasi • High quality Laminaria NTH Formation reservoir • Strong aquifer drive and pressure support 2025 KTJ Reservoir Geomodel • Light sweet oil, 55-60° API 5
Slide 7: Fast & Cost-effective Development Concept
Fast & Cost-effective Development Concept Jahal Strategic Alliance with SLB to JH2 accelerate FEED, Project Production Tree Delivery and First Oil1 FPSO & ESP Skid FPSO processing capabilities allow use of seabed ESPs to enhance production & Moorings KT 4 maximise recovery Production Tree ESP Skid D
Slide 8: Upside – KTJ is just the beginning
Upside – KTJ is just the beginning Core Value + Undeveloped Discoveries + Low Risk Exploration KTJ Development Project Krill & Squilla Multiple Prospects 25 MMbbl, Gross 2C 23 MMbbl, Gross 2C 116 MMbbl, Gross Pmean KTJ Development Lanjara Prospect Kitan Krill Kurisi Prospect Squilla 25 MMbbl 26 MMbb
Slide 9: Krill & Squilla Oil Discoveries – Significant Upside Identified
Krill & Squilla Oil Discoveries – Significant Upside Identified HISTORICAL MAPPING 2025 MAPPING GRV New 2025 Ikan 3D Reprocessing FIELD Step-change in image quality resolving GRV (m3 x 106) GRV (m3 x 106) Variance shallow fault complexity and improving Krill 136 217 +60% reservoir definition Squilla
Slide 10: Rapid Progress
Rapid Progress Our strategic priorities are achievement of FID by mid-2026 and First Oil by year-end 2027 3D Repro & TIMOR GAP Completion of Final Investment Resource upgrade increase equity FEED Decision (FID) SLB Alliance for Secure FPSO & Funding Upside Resource accelerated FEED drilling rig deri
Slide 11: Finder extends its gratitude to the Timor-Leste Government, ANP and TIMOR GAP
Finder extends its gratitude to the Timor-Leste Government, ANP and TIMOR GAP for the warm welcome and support shown to Finder as a new Operator in Timor-Leste www.finderenergy.com 10
Slide 12: APPENDICES
APPENDICES 11
Slide 13: Contingent and Prospective Resources
Contingent and Prospective Resources Contingent Resources7 Oil/Cond Gross Contingent Resources Net Contingent Resources ASX announcement reference date and Country Licence FDR Equity Name Status (MMbbl)/ notes3 Gas (BCF) 1C 2C 3C 1C 2C 3C KTJ Project ASX – 8 Oct 2025 – RISC independent Kuda Tasi Fie
Slide 14: Notes on Petroleum Resource Calculations
Notes on Petroleum Resource Calculations Table Notes 1. Finder calculates reserves and resources according to the Society of Petroleum Engineers Petroleum Resource Management System (SPE-PRMS) definition of petroleum resources. Finder reports reserves and resources in line with ASX listing rules. 2.
Slide 15: Disclaimers and Cautionary Statement
Disclaimers and Cautionary Statement Forward-looking statements This report contains certain “forward-looking statements”, which can generally be identified by the use of words such as “will”, “may”, “could”, “likely”, “ongoing”, “anticipate”, “estimate”, “expect”, “project”, “intend”, “plan”, “beli
Slide 16: www.finderenergy.com
+61 8 9327 0100 info@finderenergy.com www.finderenergy.com 15
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