Finder Energy Holdings Limited · ASX:FDR
Finder Energy — Investor Presentation (January 2026)
26 slides from Finder Energy's investor presentation, January 2026
Slide 1: Corporate Presentation – KTJ Fast-Track to First Oil
Corporate Presentation KTJ Fast-Track to First Oil January 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 … 50% of development capex (US$170m) secured for 1 Secure rig for development wells KTJ Project under farmin
Slide 3: Corporate Snapshot (ASX:FDR)
Corporate Snapshot (ASX:FDR) 12 months-to-Date Price Chart Share Price Vol (m) Price ($) Company Directors 42.5c 25 0.60 60 20 0.50 50 15 0.40 40 Bronwyn Barnes 23 January 2026 30 0.30 Chairman 10 20 0.20 Market Capitalisation 5 10 0.10 $211m 0 0.00 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 A
Slide 4: PSC 19-11 Timor-Leste Overview
PSC 19-11 Timor-Leste Overview 4
Slide 5: 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 6: Petrojarl I Acquisition
Petrojarl I Acquisition PJI is an excellent fit for the KTJ Project which achieves our acceleration objectives • Fast and cost-effective redeployment solution for KTJ Project • Proven track record and ‘in field’ performance: • redeployment across multiple stringent regulatory environments (UK, Norwa
Slide 7: PJI acquisition delivers significant benefits
PJI acquisition delivers significant benefits Vessel Significant reduction in opex with removal of third party charter payments over field life (see example below) Ownership Acceleration – PJI is a fast/low-cost redeployment opportunity Facilitates debt funding Economics Enhanced economics and exten
Slide 8: Rapid Progress to FID
Rapid Progress to FID 2024/25 | Subsurface FPSO • Independent resource upgrade verified by RISC Advisory • Significant upside mapped at Krill & Squilla oil discoveries 2025 | Development Acceleration SPS/SURF • Strategic Alliance with SLB to accelerate project delivery and First Oil • Integrated SLB
Slide 9: 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 10: TIMOR GAP Farmin
TIMOR GAP Farmin1 Development Partner and Funding • TIMOR GAP is a highly valued joint venture partner and the National Oil Company of Timor-Leste • TIMOR GAP has increased their participating interest from 24% to 34% • TIMOR GAP will contribute 50% of the total development capex for the KTJ Project
Slide 11: SLB Strategic Alliance
SLB Strategic Alliance Strategic Development Alliance1 • SLB and FDR entered into an alliance to fast-track development of the Kuda Tasi and Jahal oil fields (KTJ Project) • Completion of key drilling and subsea FEED components approximately 12 months ahead of schedule - marking a major milestone to
Slide 12: Accelerated FEED Project
Accelerated FEED Project Accelerated FEED Project Agreement1 FPSO • FEED completed across technical domains including Subsurface, Well Construction, Reservoir, SPS and SURF • Project schedule – 6 to 9 months, 12 months ahead of schedule SPS/SURF • Core objectives and scope • develop an optimized tec
Slide 13: 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 PJI processing capabilities allow use of seabed ESPs to enhance production & maximise Moorings KT 4 recovery Production Tree ESP Skid De
Slide 14: Powerful reservoir performance
Powerful 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 25,000 2C Production Model Forecast1 25 20,000 Owned FPSO extends 20 Cumulative Production (
Slide 15: 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 16: 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 17: Catalysts
Catalysts The KTJ Project is gathering momentum off the back of a series of major de-risking events Strategic Alliance with SLB RISC Independent Resource upgrade TIMOR GAP Farmin PJI acquisition We are in a phase of intense activity as we execute our acceleration strategy with a pipeline of upcoming
Slide 18: North Sea – UK Exploration Licences
North Sea – UK Exploration Licences 18
Slide 19: UK North Sea – ILX Exploration Portfolio
UK North Sea – ILX Exploration Portfolio Finder P2610 (50%) licence Equinor and Aker BP Prolific Central North Sea drilling updip Langemann Production and Lofn now platform • All licences operated by FPSO P2655 (100%) Boaz Eirin Finder Gina Krog Claymore Piper Sleipner • Strategic partnerships Tarta
Slide 20: North West Shelf - Australia Exploration Permits
North West Shelf - Austraila Exploration Permits 20
Slide 21: 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 22: APPENDICES
Ar tinder APPENDICES
Slide 23: 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 24: 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 25: 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 26: www.finderenergy.com
+61 8 9327 0100 info@finderenergy.com www.finderenergy.com 26
Finder Energy Holdings — Investor Presentation (January 2026) on 6ix