FDR 0.00% 5.0¢ finder energy holdings limited

Yeah it was good, well spoken and professional. They've done a...

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    Yeah it was good, well spoken and professional. They've done a lot of work on the economics already - said it is economic project and confident as they go towards FID. They have been chasing development opportunity for many years but were always outbid by larger players. Mark Robertson is coming on as CEO to run the development side (I think he's from Carnarvon Energy). Regulators and Govt are fully onboard with us - petrostate - future entirely tied to oil and gas, and therefore to us. Timorgaps carry is recoupable to us in production (I assume includes past costs - might be 10's of millions). Is a big move for us so nearest upside and derisking is divestment - will play an important part - expects much interest here. They said potential production rates of 20mbbl/day (20k barrels) per well. Very interested in new technologies that could commercialise the plays cheaply. Equinor are drilling up dip of Boaz next year so we are getting a free look on the play there. I forgot a lot but there should be a replay available today at https://ccmediaframe.com/?id=G064UaV6
    Last edited by Onspeed: 12/08/24
 
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