Finder Energy's additional licences in 33rd UK Offshore Licensing Round

Finder Energy Holdings Limited (Finder or Company) (ASX: $FDR) has been awarded two new licences in the 33rd UK Offshore Licensing Round by the North Sea Transition Authority (NSTA). The first licence is located in the Ettrick Sub-basin adjacent to the Buzzard and Golden Eagle oil fields, while the second licence is situated on the South Halibut Shelf. Finder will be the Licence Administrator (Operator) with a 60% interest in the first licence and hold a 100% interest in the second licence.

Executive Commentary on New Licences

We are pleased to have been awarded these additional licences in the 33rd UK Offshore Licensing Round. The new licences not only expand our portfolio but also strengthen our partnership with Dana Petroleum. The strategic location of the first licence, adjacent to significant oil fields, presents an exciting opportunity for Finder. We look forward to finalizing the regulatory and joint venture arrangements and providing further details on the prospectivity and our planned activities in due course.

Summary of Finder Energy's Announcement

Finder Energy (ASX: $FDR) has successfully secured two new licences in the 33rd UK Offshore Licensing Round, demonstrating its commitment to expanding its oil and gas assets in the North Sea. The company's partnership with Dana Petroleum has been further solidified through the acquisition of the first licence, which is strategically located near major oil fields. Finder's focus on high-end seismic reprocessing and derisking prospects reflects its dedication to maximizing the potential of these new assets. The acceptance of the awards and the upcoming regulatory and joint venture arrangements signify the company's proactive approach to advancing its operations. As Finder Energy continues to unveil further details about the prospectivity and its planned activities, the company's ambitions and strategic direction in the UK North Sea will become clearer, offering potential opportunities for growth and development.