Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Finder Energy Holdings Limited ( (AU:FDR) ) has shared an announcement.
Finder Energy reported strong progress on the KTJ Project in the March 2026 quarter, completing front-end engineering design for the subsea production system and development wells and securing approval of the Development Area over the Kuda Tasi and Jahal fields. The project now holds a key regulatory milestone that supports long-term tenure of up to 25 years once the field development plan is approved.
Engineering studies confirmed the Petrojarl I FPSO can be redeployed with limited modifications to deliver about 25,000 to 30,000 barrels of oil per day, reducing technical risk and underlining the viability of a production hub strategy. The company also completed a farmout of licence P2530 to Serica Energy, raised $27 million to procure long-lead items, and is pursuing debt funding, rig contracting and remaining approvals to enable a final investment decision targeted for mid-2026 and first oil in late 2027 or early 2028.
More about Finder Energy Holdings Limited
Finder Energy Holdings Limited is an oil and gas exploration and development company focused on offshore assets in Timor-Leste. Its flagship KTJ Project in PSC 19-11 targets the Kuda Tasi and Jahal oil fields, with a hub-based subsea development tied back to the Petrojarl I FPSO to enable future tie-backs and resource growth.
Average Trading Volume: 688,436
Technical Sentiment Signal: Buy
Current Market Cap: A$295.1M
For an in-depth examination of FDR stock, go to TipRanks’ Overview page.