Finder Energy Holdings Limited · ASX:FDR
Finder Energy — Investor Presentation (April 2024)
25 slides from Finder Energy's investor presentation, Apr 15, 2024
Slide 1: Corporate Presentation
Corporate Presentation For personal use only April 2024 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: 2024 Activities
2024 Activities 1 UK North Sea • Successful P2610 bid - Finder 50% and Operator with strategic partner Equinor For personal use only • Final 33rd UK Round awards expected late April • Technical work has revealed large and exciting prospects • Whitsun (150 MMbbl1) - an analogue to the giant Buzzard F
Slide 4: Corporate Snapshot
Corporate Snapshot (ASX:FDR) $0.06 $8.4m Shareholder Breakdown (%) For personal use only Current Share Price Net Cash 157.5m 8 Apr ’24 31 Dec ’23 40.6% Fully $9.6m $1.2m 46.6% Shares Diluted 46.5% 53.4% 3.7% 9.1% Market Capitalisation Enterprise Value* Disciplined approach to managing cash and sha
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 P2610 – Round 33 Priority Award Large Boaz gas/condensate 4 For personal use only prospect Johan Svedrup Licences - all operated Gina Krog 12 Claymore Piper Sleipner Tartan MMBOE P2527/28 – Whitsun Prospect Scott Blake New 3D high grades Buzzard field Kinnoul
Slide 9: UK partnerships
UK partnerships Strategic high quality partnerships formed with nearby facility owners For personal use only Finder’s highly experienced technical team operates UK portfolio Kittiwake DANA PETROLEUM Sleipner • JV partner in P2530, P2527 & P2528 • Successful E&P company wholly owned by KNOC (Korea Na
Slide 10: P2528 & P2527 – Whitsun Prospect (Finder 60%)
P2528 & P2527 – Whitsun Prospect (Finder 60%) Big Buzz 3D reprocessing unlocks Buzzard play • New Big Buzz 1,568km2 3D seismic reprocessing (PSDM-FWI) provides significant uplift in seismic clarity and imaging of targets Gross Prospective Resource* (MMbbl) GCoS For personal use only P90 P50 Pmean P1
Slide 11: P2528 – Whitsun Prospect (Finder 60%)
P2528 – Whitsun Prospect (Finder 60%) Whitsun Buzzard Reservoir (J64) 1- Amplitudes TWT (s) For personal use only Whitsun Prospect Buzzard Field 2- Whitsun Prospect Schematic Buzzard Sandstone Reservoir Objective 2,200m Whitsun-1 Bluebell (Proposed) Terrace 2,300m Peterhead Buzzard Ridge Sandstone O
Slide 12: P2528 – Whitsun Prospect (Finder 60%)
P2528 – Whitsun Prospect (Finder 60%) Whitsun Amplitudes on NEW High end Big Buzz 3D illuminates Buzzard Big Buzz Repro Data Depositional Fairway For personal use only DATA LARGE Material resource potential SIZE 150 MMbbl (Pmean) up to 315 MMbbl (P10)* Deep-water channel sands DRILL Robust technical
Slide 13: P2610 – Boaz Gas/Condensate Prospect
P2610 – Boaz Gas/Condensate Prospect Priority licence award in 33rd UK bid round Gross Prospective Resource* (MMbbl) Boaz Prospect P90 P50 Pmean P10 • Finder 50% and Operator with strategic partner Equinor Gas (BCF) 131 483 748 1,780 For personal use only • Large 3D-defined structural trap with rapi
Slide 14: P2610 – Boaz Gas/Condensate Prospect
P2610 – Boaz Gas/Condensate Prospect • The Boaz Prospect is a simple structural trap with P2610 Triassic Skagerrak Formation reservoir sandstones For personal use only sealed by the overlying Jurassic shales • Robust trap covered by modern PGS geostreamer 3D Boaz Prospect seismic data • The Boaz gas
Slide 15: P2530 – Fulmar ILX Prospects (Finder 60%)
P2530 – Fulmar ILX Prospects (Finder 60%) ILX cluster with three low risk Fulmar play structures Big Bird 3D Seismic Scolty Aviat Forties Agar • Jurassic Fulmar play proven by nearby Kittiwake, Goosander and Grouse fields Stoinis Bancroft Nelson Howe For personal use only Marsh Tye • New 2022 PSDM-F
Slide 16: P2530 – Fulmar ILX Prospects (Finder 60%)
P2530 – Fulmar ILX Prospects (Finder 60%) Base Cretaceous time structure map • Wagtail oil discovery with new with Fulmar interpods shown 2022 3D repro supporting 4-way structure with higher For personal use only Agar reservoir quality Stoinis Bancroft Tye • Low-risk prospects Bancroft and Marsh Mar
Slide 17: 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 18: WA-547-P Dorado Trend – NWS premier HC play
WA-547-P Dorado Trend – NWS premier HC play 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 Port Hedland Pavo Roc Dorado Phoenix Brees Phoenix Sth Brady 6000 Regional Base mse
Slide 19: 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 FID-ready end 2024 For personal use only Brees Favre Dorado-1 Palma Shale Channel Incision Seal Hove Shale Seal Hove Barret Channel
Slide 20: AC/P Gem - low risk & surrounded by HC discoveries
AC/P 61 Gem - low risk & surrounded by HC discoveries Regional Plover Depth Map Puffin • Proven play > 250 MMbbl Challis / Cassini Swan Maple/Cash Willeroo-1 Allaroo-1 60 MMbbl Jabiru Orchid-1 Brontosaurus-1 3.5 TCF produced/discovered within For personal use only Ponderosa Tenacious 110 MMbbl basin
Slide 21: Summary
Summary 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 pu
Slide 22: Resource Tables
For personal use only Resource Tables 22
Slide 23: Finder UK Licences – Contingent & Prospective Resources
Finder UK Licences – Contingent & Prospective Resources Contingent Resources Table Notes/Reference: 1. Refer ASX announcement 27 June 2023 P2530 Contingent and Prospective Contingent Resources Resources, UK Central North Sea for details and methodology used for the resource Licence Name Status Inter
Slide 24: NWS Australia - Prospective Resources
NWS Australia - Prospective Resources 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 25: For personal use only
For personal use only +61 8 9327 0100 info@finderenergy.com www.finderenergy.com 25
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