"announced an update on developments affecting its UK and Australian portfolio"
"the Dorado trend does not extend into WA-542-P in the Northern Carnarvon Basin and the permit does not contain sufficient prospectivity to be of interest"
"due to the licence commitments on WA-542-P, Finder does not wish to retain this licence in its portfolio"
"UK North Sea P2528 contains the Whitsun Prospect which was identified on the Big Buzz reprocessed 3D seismic data"
"an attractive exploration target, but the joint venture has made a decision not to transition to Phase C and commit to a well"
"company’s strategy in the UK has been hampered by ongoing political and fiscal uncertainty"
"having a negative impact on the industry and investment in oil and gas activity"
"however, Finder says it remains committed to its infrastructure led exploration strategy in the UK"
"centred around opportunities close to key production hubs"
"gives the company the best chance of success in what it describes as a challenging environment"
"Finder has minimal commitments associated with its UK portfolio"
"as operator, receives contributions from joint venture partners for the work undertaken"
"allows Finder to continue to pursue its strategy to secure high impact farmouts and drill high impact wells in the UK with very low cost exposure"
"ensuring capital is directed toward fast-tracking the development of the Kuda Tasi and Jahal oil fields offshore Timor-Leste"
https://oilman.beehiiv.com/p/oilman-jim-s-letter-november-24-2024
Worth reading
(20min delay)