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The latest update is out from Finder Energy Holdings Limited ( (AU:FDR) ).
Finder Energy has outlined an aggressive development timetable for its KTJ Project in Timor-Leste, targeting a series of major milestones in the first half of 2026 including securing a rig, completing technical studies, finalising development plans and contracts, and arranging debt funding. The company aims for a mid-2026 final investment decision to fast-track first oil from the Kuda Tasi and Jahal fields, underpinned by ownership of the Petrojarl I FPSO, a farmin agreement with TIMOR GAP that promotes development capex, and projected facility-constrained production of 25,000 to 30,000 barrels of oil per day that could deliver around 14 to 15 million barrels in the first two years while leaving upside from additional appraisal and exploration opportunities.
The KTJ development is positioned as a key cash-flow engine for Finder, with the FPSO ownership reducing project execution risk and enhancing strategic and economic flexibility. Successful delivery of the planned catalysts and the anticipated booking of 2P reserves would strengthen the company’s reserves base, improve its funding profile, and potentially elevate its standing in the regional upstream sector, though outcomes remain contingent on development execution, financing, field performance and regulatory approvals.
More about Finder Energy Holdings Limited
Finder Energy Holdings Limited is an ASX-listed oil and gas company focused on exploration, appraisal and development projects across the Asia-Pacific region and the UK North Sea. The company is advancing the Kuda Tasi and Jahal (KTJ) oil fields in Timor-Leste and utilises floating production storage and offloading (FPSO) assets to accelerate project timelines and optimise field economics.
Average Trading Volume: 844,288
Technical Sentiment Signal: Hold
Current Market Cap: A$211.5M
For a thorough assessment of FDR stock, go to TipRanks’ Stock Analysis page.