Finder Energy Eyes Mid-2026 FID, $1B KTJ Oil Project Revenue

Building Momentum in 2025

Finder Energy Holdings Limited has presented a confident update at its 2025 Annual General Meeting, highlighting significant progress on the KTJ oil development project. The company’s CEO, Damon Neaves, emphasized that the pieces are rapidly falling into place to reach a Final Investment Decision (FID) by the second quarter of 2026. This milestone is critical as it will pave the way for the project’s development phase, targeting first oil production by the end of 2027.

The company’s share price has reflected this growing momentum, with a steady rise through the second half of 2025, supported by key events such as resource upgrades, farmout agreements, and strategic partnerships. These developments have bolstered investor confidence and positioned Finder Energy as a notable player in the oil and gas exploration sector.

Strategic Alliances and Project Execution

A cornerstone of Finder Energy’s strategy is its alliance with SLB, which provides the technical and execution capabilities necessary to accelerate the KTJ project. This partnership is expected to be instrumental in navigating the complex engineering and operational challenges ahead, particularly as the company moves towards the Front-End Engineering Design (FEED) completion and secures critical infrastructure such as the Floating Production Storage and Offloading (FPSO) unit and drilling rigs.

With gross revenues projected to exceed US$1 billion over the life of the field based on a three-well development scenario and an oil price assumption of US$65 per barrel, the KTJ project represents a substantial value creation opportunity. The company is also actively managing its capital structure, having completed a $6 million placement earlier in the year and maintaining a net cash position of $7.1 million as of November 2025.

Outlook and Market Position

Finder Energy’s market capitalization stands at approximately $191 million, reflecting both the promise of the KTJ project and the broader market’s recognition of the company’s strategic direction. The leadership team, including Chairman Bronwyn Barnes and Technical Director Shane Westlake, remains focused on delivering the technical and financial solutions required to meet the ambitious timeline.

While the company is optimistic, it also acknowledges the inherent uncertainties in resource estimation and project execution. Forward-looking statements caution investors about risks that could impact timelines and financial outcomes. Nevertheless, the clear roadmap to FID and first oil, combined with recent operational milestones, suggests Finder Energy is well-positioned to advance its development agenda in the coming months.