Overview of Finder Energy's Latest Developments

Finder Energy Holdings, trading as FDR on the ASX, has provided an update on its Kuda Tasi and Jahal Development Project. The project is part of the PSC 19-11 work program, focused on expediting First Oil from these fields. The company is progressing from exploration and appraisal to development, leveraging previous investment and attracting interest from potential partners.

Comprehensive Overview of Project Strategy

Finder Energy Holdings is advancing the Kuda Tasi and Jahal Development Project, aiming for expedited oil production. The company is evaluating development scenarios centered around FPSO vessels, with options to purchase or lease impacting costs. An Early Production System is being considered to accelerate cash flow. Industry engagement is underway, with participation in the FPSO World Congress and engagement with Asia-Pacific partners. Reservoir engineering simulations show promising results, with expected initial production rates of 25,000-40,000 bopd. The project is in the Concept Select Phase, aiming to refine development plans and move towards key milestones within the next year. Finder Energy's approach could transform it into a significant producer, leveraging strategic partnerships and cost-effective development strategies.

Executive Insights on Project Progress

The Kuda Tasi and Jahal project is currently in the Concept Select Phase, which is crucial for refining development concepts, costs, and economics as we move towards FEED and the Final Investment Decision. We have attracted early interest from potential partners which is encouraging for the project's future.