Finder Energy Holdings Limited · ASX:FDR
Finder Energy — Investor Presentation (September 2023)
23 slides from Finder Energy's investor presentation, Sep 7, 2023
Slide 1: Corporate Presentation
Corporate Presentation For personal use only September 2023 ASX : FDR 1
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 High quality exploration portfolio in two of the 1 For personal use only world’s recognized oil and gas ‘super basins’ Proven track record achieving high value farmouts 2 and finding oil and gas Disciplined cash and capital management to 3 maximise shareholder leverage in success Actively
Slide 4: Corporate Snapshot
Corporate Snapshot (ASX:FDR) $0.07 $9.5m Shareholder Breakdown (%) For personal use only Current Share Price Net Cash 157.5m 5 Sep ’23 30 Jun ’23 40.6% Fully $11.0m $1.5m 46.6% Shares Diluted 46.5% 53.4% 3.7% 9.1% Market Capitalisation Enterprise Value* Disciplined approach to managing cash and sh
Slide 5: Finder Energy Board and Management
Finder Energy Board and 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, 20 years in leadership roles as an oil and gas Geophysicist with over 20 years’
Slide 6: High quality portfolio spanning two 'super basins'
High quality portfolio spanning two ‘super basins’ • Deep portfolio of high impact drilling candidates being actively marketed to farmin partners • FDR operates all licences with proven ability to attract quality partners For personal use only UK Infrastructure-Led Exploration (ILX) strategy UK Nort
Slide 7: Track Record
Track Record 34 7 3 Track record spanning 20 years of finding oil & gas and value accretive transactions Looking forward… For personal use only • Today our portfolio is stronger than it has ever been Farmouts/ Offshore wells Discoveries • We are farming out multiple prospects to fund next phase of d
Slide 8: UK North Sea – ILX Exploration Portfolio
UK North Sea – ILX Exploration Portfolio 5 P2502 - ~220 km north East Shetland Basin Johan Svedrup For personal use only P2524 – Barracuda, Amberjack & Trevally Licences - all operated Farmout for drilling Gina Krog 12 P2527/28 – Buzzard Trend New reprocessed 3D Claymore Sleipner interpretation prog
Slide 9: UK – operated licences with quality partners
UK – 5 operated licences with quality partners Strategic high quality partnerships formed with nearby facility owners Finder’s highly experienced technical team operates UK portfolio For personal use only Kittiwake DANA PETROLEUM • JV partner in P2530, P2527/28 & P2502 • Successful E&P company wholl
Slide 10: P2524 – prolific South Viking Graben (Finder 40%)
P2524 – prolific South Viking Graben (Finder 40%) Infrastructure-led high materiality exploration Finder Permit P2524 Sleipner Oil Vest Toni • Finder 40% & Operator, Harbour 60% Gas/Condensate N Bass For personal use only • Prolific South Viking Graben location – ILX Prospectivity Gas Thelma Utgard
Slide 11: P2524 - Amberjack & Trevally (Finder 40%)
P2524 - Amberjack & Trevally (Finder 40%) Gross Prospective Recoverable Resources* Low risk, high value tie back potential P90 P50 Pmean P10 21 km # Amberjack Liquids (MMbbl) 2 7 9 17 • Proven Mid-Jurassic play supported by nearby Utgard and Wrasse gas-condensate fields For personal use only Gas (BC
Slide 12: P2530 – Fulmar ILX Prospects (Finder 60%)
P2530 – Fulmar ILX Prospects (Finder 60%) Big Bird 3D reprocessing unlocks Fulmar play prospectivity Big Bird 3D Seismic Scolty Aviat Forties Agar • New 2022 broadband pSDM 3D repro Stoinis Bancroft Nelson Howe For personal use only • Jurassic Fulmar play proven by nearby Kittiwake, Goosander and Gr
Slide 13: P2530 – Fulmar ILX Prospects (Finder 60%)
P2530 – Fulmar ILX Prospects (Finder 60%) Base Cretaceous time structure map with Fulmar interpods shown LOWER CRETACEOUS SEAL For personal use only Stoinis Agar FULMAR Bancroft Tye Marsh SALT WALL Grouse Oil Field ~ 14 MMbbl Goosander Oil Field Kittiwake Oil Field ~25 MMbbl ~70 MMbbl LOWER CRETACEO
Slide 14: P2527/28 – Buzzard Graben ILX (Finder 60%)
P2527/28 – Buzzard Graben ILX (Finder 60%) Big Buzz 3D reprocessing unlocks Buzzard play • Dana Petroleum farmed in for 40% in November 2022 Big Buzz 3D Ettrick and Burns Fm RBG frequency blend For personal use only • Multiple Upper Jurassic prospects on trend with giant Buzzard Field • New Big Buzz
Slide 15: Australia - key positions in prolific basins
Australia - key positions in prolific basins 2 Northern Carnarvon Basin Vulcan Sub-basin Phoenix Proven Play For personal use only Oliver Phoenix surrounded by full- Permits South Roc to-spill discoveries 5 Pavo Audacious Dorado Tenacious Mutineer Jabiru Exeter Cash/Maple Material Angel >70% explora
Slide 16: WA-547-P a world class hydrocarbon basin
WA-547-P a world class hydrocarbon basin WA-547-P 5082U Dorado play extension Large 3D defined oil prospects MMboe 100% owned 3 Key Prospects1 Significant exploration upside in success For personal use only N Pavo Sth 66 MMbbl Port Hedland 64% CoS Pavo 2 well commitment Roc Dorado Phoenix Brees
Slide 17: WA-547-P Material prospectivity
WA-547-P Material prospectivity Brees Prospect Favre Prospect Dorado Discovery Dual Targets, 4-way trap Dorado look-a-like 2C 344 MMboe Pmean 235 MMbbl Pmean 244 MMbbl For personal use only Brees Favre Dorado-1 Palma Shale Channel Incision Seal Hove Shale Seal Hove Barret Channel Reservoir Incision
Slide 18: AC/P Premier Address - Surrounded by HC discoveries
AC/P 61 Premier Address - Surrounded by HC discoveries Regional Plover Depth Map Puffin Challis / Cassini • Increased ownership to 100% 60 MMbbl Willeroo-1 Allaroo-1 Swan Maple/Cash Jabiru Orchid-1 Brontosaurus-1 3.5 TCF Ponderosa Tenacious 110 MMbbl For personal use only • Prolific Jurassic play Pe
Slide 19: Dynamic Strategy
Dynamic Strategy For personal use only VALUE CASH & CAPITAL GROWTH CREATION MANAGEMENT Technical excellence Partnership model Bid rounds Active deal makers Tight capital/high leverage Energy transition Diversified high quality portfolio Cash recovery from farmouts Low cost entry/high equity High val
Slide 20: Resource Tables
For personal use only Resource Tables 20
Slide 21: Finder UK Licences – Contingent & Prospective Resources
Finder UK Licences – Contingent & Prospective Resources Contingent Resources Table Notes/Reference: Contingent Resources 1. Refer ASX announcement 27 June 2023 P2530 Contingent and Prospective Licence Name Status Interest Liquids – Oil/Condensate (MMbbl) COS (%) Resources, UK Central North Sea for d
Slide 22: Prospective Resources – NWS Australia
Prospective Resources – NWS Australia NOTES: • The Prospective Resources and methodology for their estimation is set out in Unrisked Prospective Oil Resources (MMstb) Annexure F of the Prospectus dated 25 February 2022. Permit Equity Prospect COS (%) For personal use only 1U (Low) 2U (Best) Pmean 3U
Slide 23: For personal use only
For personal use only +61 8 9327 0100 info@finderenergy.com www.finderenergy.com 23
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