Finder Energy Holdings Limited · ASX:FDR
Finder Energy — Investor Presentation (May 2026)
21 slides from Finder Energy's investor presentation, May 2026
Slide 1: KTJ Fast-Track to First Oil – Corporate Presentation
KTJ Fast-Track to First Oil CORPORATE PRESENTATION May 2026 ASX : FDR 1
Slide 2: Highlights
Highlights We are targeting a series of high Ownership of Petrojarl I FPSO de-risks the KTJ Project and unlocks impact catalysts on the KTJ Project in strategic and economic benefits1 1H 2026… Farmin agreement with TIMOR GAP secures promote on development 1 Secure rig for development wells capex2 2
Slide 3: Corporate Snapshot (ASX:FDR)
Corporate Snapshot (ASX:FDR) 1 Year Price Chart Company Directors Vol (m) Price (c) Share Price 40c 25 0.70 70 0.60 60 20 0.50 50 15 0.40 40 Bronwyn Barnes 11 May 2026 10 0.30 30 Chairman 0.20 20 Market Capitalisation 5 10 0.10 $217m 0 0.00 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan
Slide 4: PSC 19-11 Resources – KTJ Upgraded
PSC 19-11 Resources – KTJ Upgraded 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 Sq
Slide 5: KTJ Reservoir Performance
KTJ Reservoir Performance JH 1 & ST1 KT 1 KT 2 KT 3 • High quality Laminaria Formation reservoir JH 2 KT 4 • Strong aquifer drive and pressure support KT 5 • Light sweet oil, 55-60° API Jahal Kuda Tasi 30,000 2C Production Model Forecast1 30 Owned FPSO extends field life 25,000 +2-3 MMbbls 25 Cumula
Slide 6: Fast-Track Development – Gathering Momentum
Fast-Track Development – Gathering Momentum 2024/25 | Subsurface • Fully appraised with 5 well penetrations in Kuda Tasi and Jahal, including logs, core and flow tests • Independent resource upgrade verified by RISC Advisory1 • Significant upside mapped at Krill & Squilla oil discoveries2 2025 | Dev
Slide 7: SLB Strategic Alliance – First Oil Acceleration
SLB Strategic Alliance – First Oil Acceleration • SLB-FDR Strategic Alliance1 to fast-track development of the KTJ Project • Mobilises resources across the Subsea Integration Alliance (SIA) comprising Subsea7, SLB and OneSubsea • Alliance brings enormous resources and development capability to the K
Slide 8: KTJ Final Development Concept
KTJ Final Development Concept 1 FDR & SIA2 delivered the Accelerated FEED Project on PJI FPSO time and on budget 3 production wells connected to Production Trees & ESP Manifold the PJI via flexible flowlines Subsea ESPs optimise Production Trees & production, maximise field ESP Manifold FPSO Mooring
Slide 9: FEED Complete on time and on budget
FEED Complete on time and on budget1 SUBSURFACE AND RESERVOIR DRILLING AND COMPLETION • Detailed reservoir model constructed • Well construction and engineering completed • Model refined with latest technical • Two Kuda Tasi well designs improved to updates, Ikan 3D repro, mapping, include a drill c
Slide 10: The Petrojarl I
The Petrojarl I1 Strategic infrastructure ownership is expected to deliver material economic benefits Acquisition US$15m acquisition price Accelerates First Oil • Comprehensive due diligence Cash and scrip consideration to Late 2027/early 2028 target by maritime & production facility Amplus Energy e
Slide 11: Development Funding
Development Funding TIMOR GAP FARMOUT1 • TIMOR GAP to fund 50% of the total development capex from FID • Gross US$20 million applied to long lead items pre-FID • Gross cap US$338 million (including pre-FID LLIs), thereafter TIMOR GAP contributes their 34% working interest • Finder retains a 66% part
Slide 12: KTJ Resources certified by RISC Advisory
KTJ Resources certified by RISC Advisory KTJ Gross Contingent Resource1 (MMbbl) 1C 2C 3C 19.0 25.5 34.6 Top Reservoir 3D Kuda Tasi Depth Map Fully appraised with 5 wells – logs, core and well tests data Covered by high-end Ikan 3D reprocessed seismic data Jahal Excellent quality Laminaria Formation
Slide 13: 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 14: 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 15: Appendices
Ar tinder APPENDICES
Slide 16: UK North Sea – ILX Exploration Portfolio
UK North Sea – ILX Exploration Portfolio Finder P2610 (50%) licence Prolific Central North Sea Production platform • All licences operated by FPSO P2655 (100%) Boaz Eirin Finder Gina Krog Claymore Piper Sleipner • Strategic partnerships Tartan formed with nearby Scott Kinnoull facility owners Golden
Slide 17: Australia - key positions in prolific basins
Australia - key positions in prolific basins WA-547-P (100%) Northern Carnarvon Basin Vulcan Sub-basin • 508 MMboe over Phoenix Proven Play Oliver 3 key prospects1 Phoenix South surrounded by full- to-spill discoveries Roc • Along trend from Dorado Pavo Audacious Dorado Discovery Tenacious Mutineer
Slide 18: 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 19: 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 20: 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 21: www.finderenergy.com
+61 8 9327 0100 info@finderenergy.com www.finderenergy.com 21
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