Finder Energy Holdings Limited · ASX:FDR
Finder Energy — Roadshow Presentation (November 2022)
22 slides from Finder Energy's investor presentation, Nov 16, 2022
Slide 1: Leading Oil and Gas Explorer
Leading Oil and Gas Explorer Roadshow 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 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 4: 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 5: 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 (14/11/22) A$ 0.12 Other shareholders Market Capitalisation A$m 18.9 Cash (30/9/22)1 A$m 10.0 46.6% 52.4% Debt A$m Nil Enterp
Slide 6: 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 7: 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 8: 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 9: Why UK? The right time, right place
Why UK? The right time, right place • North Sea is a ‘Super Basin’ with abundant infrastructure and modern 3D data coverage UK demand for oil and gas is • UK production has one of the highest values per barrel globally forecast to outstrip supply in all energy transition scenarios… even • An energy
Slide 10: UK North Sea ILX Exploration Opportunities
UK North Sea ILX Exploration Opportunities Central North Sea Northern North Sea 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 Scott Galley Burghley This
Slide 11: Buzzard Area – P2527, P2528 & P2530
Buzzard Area – P2527, P2528 & P2530 P2527 Big Buzz • Dana Petroleum farmed into all 3 blocks Golden Eagle 3D Repro Rochelle Britannia 662 MMboe 125 MMbbl Tweedsmuir • A$2.3m cash on completion, expected to be received in December 2022 Ettrick Bucchan Buzzard Blackbird 1,076 MMboe Big Bird • Finder r
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 TVDSS (m) • Latest PSDM 3D seismic data high-grades prospectivity • Proven petroleum system, down dip full-to-spill HC discoveries
Slide 13: 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 14: 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 15: 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 16: 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 17: 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 18: Immediate Focus
Immediate Focus 1 Farmouts to fund drilling 2 Portfolio growth - bid rounds and acquisitions 3 Energy transition 18
Slide 19: 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 20: Appendix
Ar Finder Appendix
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 Unrisked Prospective Oil Resources (MMstb) Geological Permit Prospect Gross Net Chance of Success (%) 1U (Low) 2U (Best) 3U (High) 1U (Low) 2U (Best)
Slide 22: www.finderenergy.com
+61 8 9327 0100 info@finderenergy.com www.finderenergy.com 22
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