Finder Energy Holdings Limited · ASX:FDR
Finder Energy — Conference Presentation (September 2024)
13 slides from Finder Energy's conference presentation, Sep 18, 2024
Slide 1: Essential Energy Conference
Essential Energy For personal use only Conference 18 September 2024 ASX : FDR
Slide 2: Strategic position in highly prospective areas
UK - North Sea 6 ILX Strategy with strategic Licences high-quality partners For personal use only PSC 19-11 Timor-Leste Discovered Oil Fields & Exploration Upside Rapid path 45 MMbbl 2C + High growth to First Oil 116 MMbbl Pmean1 operated asset Australia – North West Shelf portfolio 2 Permits Strate
Slide 3: Timor-Leste Acquisition Highlights
Timor-Leste Acquisition Highlights Transformational Perfect Fit High Quality Upside Acquisition Resource For personal use only Shift from pure Rare and affordable 45 MMbbl 2C + Multiple value creation explorer to developer greenfield project 116 MMbbl Pmean* pathways Development-ready Supportive gov
Slide 4: Corporate Snapshot
Corporate Snapshot (ASX:FDR) $0.05 $5.0m Shareholder Breakdown (%) For personal use only Current Share Price Enterprise Value (EV) 6 Sep 2024 37.8% 46.6% $12.1m Market Capitalisation1 242.6m Shares on issue3 45.8 MMbbl Net 2C Resources4 34.4% Fully Diluted 2.5% 56.5% 53.4% 62.2% 6.7% $7.1m $0.11 AUD
Slide 5: Strategic Drivers
Strategic Drivers 1 Timor-Leste adds geographic diversity to portfolio Kuda Tasi 16 MMbbl Karungu 49 MMbbl Jahal • Stable, developing nation whose future prosperity is tied to For personal use only 6 MMbbl development of its oil and gas resources Lanjara/SW 35 MMbbl • Strong support from the Governm
Slide 6: Discovered oil fields plus appraisal and exploration upside
Discovered oil fields plus appraisal and exploration upside Contingent and Prospective Resources1 180 For personal use only 22 Oil – MMbbl Kuda Tasi & Jahal Undeveloped Oil Fields 10 Discovered • 5 wells – appraised, logs, core & well tests • Light high-quality oil - >55 API 160 26 and Appraised • E
Slide 7: Development Strategy
Development Strategy Kuda Tasi and Jahal Development Project FPSO Objective – achieve FID and First Oil quickly and cost-effectively For personal use only • Same high quality Laminaria/Elang formation reservoir and excellent high API gravity undersaturated oil as surrounding oil fields 400m water de
Slide 8: Indicative Project Timeline and Milestones
Indicative Project Timeline and Milestones 2023 2024 2025 2026 2027+ Completion Project Resource Project FEED FDP FID FID First Updates Certification Economics Approval Ready Oil For personal use only ASX Execute Dev. Project Dev. Area FDP Project Production Announcements SPA Update Approval Submiss
Slide 9: APPENDIX: Petroleum Resource Tables
For personal use only APPENDIX: Petroleum Resource Tables
Slide 10: 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 For personal use only Kuda Tasi Field Oil 9.0 15.6 24.8 6.8 1
Slide 11: 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. Fo
Slide 12: 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 13: For personal use only
For personal use only +61 8 9327 0100 info@finderenergy.com www.finderenergy.com 13
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