InvestSMART

Finder Energy Holdings Limited (ASX:FDR)

ALERT: Price-sensitive ASX Announcement for FDR
Current share price for FDR : $0.345 -0.1 (-22.47%)+
Announcement
Release
30 Oct 2025 8:14AM
Price at Release
$0.445
Full Release
download
Summary
Finder Energy Holdings Limited reported significant progress in its KTJ Project during the quarter ending 30 September 2025. The company completed a transformational Farmin Agreement with TIMOR GAP, which increased its stake in the PSC 19-11 block and committed substantial funding. This agreement, along with an upgraded resource evaluation by RISC Advisory, has fortified the project's commercial viability. The company's financial activities included raising $5.7 million through a placement, contributing to a strong cash position of $7.6 million. The report also outlines plans to expedite the KTJ Project towards the Final Investment Decision (FID) and First Oil, with key efforts in field development, FPSO selection, and securing project funding.
Key Points
  • Successful execution of Farmin Agreement with TIMOR GAP.
  • Upgrade in contingent resources for Kuda Tasi and Jahal Oil Fields.
  • Strong cash position of $7.6 million at quarter-end.
  • Key focus on accelerating KTJ Project to FID by mid-2026.
  • Significant funding commitments reducing financial risk.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.