Each one in plain English, with the numbers worked through for a shareholder.
20 Aug 2026resource reserve update▲ GoodMajor
RISC independently booked maiden gross 2P reserves of 22.2 MMstb for the initial three-well KTJ development, with Finder's net share 14.4 MMstb. A possible fourth infill well adds 2.2 MMstb of 2C contingent resources. This upgrades the earlier contingent classification, ahead of FID.
16 July 2026investor presentation● Neutral
July 2026 presentation restates the approved plan, FID targeted in the September quarter, and 14-15 MMbbl in the first two years. Shows share price 33c, net cash $31.6m and 554m shares. No new information.
9 July 2026regulatory community update▲ GoodMajor
Timor-Leste regulator ANP approved the Kuda Tasi and Jahal Field Development Plan: three subsea wells tied back to the Petrojarl I FPSO. This clears the way to FID, now targeted in the September quarter (earlier mid-2026), with First Oil still late 2027 to early 2028.
18 June 2026capital raising announcement▲ Good
After shareholder approval on 12 June, Tranche 2 completed: 12m shares at $0.50 raising $6m, issued to Amplus Energy and Longreach. This completes the placement started in April; Tranche 1 raised $21m, giving $27m in total.
What it means for a shareholder
12.0m new shares at A$0.500 to raise about A$6.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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29 May 2026capital raising announcement● Neutral
The Share Purchase Plan closed 27 May with no shares issued; applications will be refunded. The planned up to $3m is not raised, so working-capital allocation shrinks. Finder says this does not materially affect its work program or KTJ milestones.
28 May 2026regulatory community update▲ Good
Finder lodged the Environmental Impact Statement and Field Development Plan, both now in approval. A shipyard tender for the Petrojarl I FPSO was issued, and critical long-lead items were secured. Lender interest is strong, helped by higher Brent forward prices. FID still targeted mid-2026.
13 May 2026investor presentation● Neutral
May 2026 corporate presentation repeats the KTJ fast-track story: FID targeted mid-2026, 25 MMbbl gross 2C, 25,000-30,000 bopd, 14-15 MMbbl in the first two years. Shows net cash of $32.3m and 542m shares. Nothing new.
8 May 2026capital raising announcement● Neutral
Tranche 1 of the placement completed: 42,000,000 shares issued at $0.50, raising $21m. Tranche 2 is 12m shares (10m needing related-party approval, 2m under ASX Listing Rule 7.1), subject to shareholder approval at a June EGM.
What it means for a shareholder
42.0m new shares at A$0.500 to raise about A$21.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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6 May 2026capital raising announcement● Neutral
The Share Purchase Plan opened to eligible Australian and New Zealand shareholders, who can apply for up to $30,000 of shares at $0.50. It closes 27 May 2026. Administrative step in the April raise, targeting up to $3m.
1 May 2026investor presentation● Neutral
Invitation to a 4 May 2026 webinar with the CEO on the acceleration strategy and the recent equity raise. Administrative notice with no new information.
30 Apr 2026capital raising announcement● NeutralMajor
Finder raised A$27m via a placement of 54m shares at $0.50, a 15.3% discount to the last close, plus a Share Purchase Plan of up to A$3m at the same price. Funds go to long-lead items, engineering and FPSO modifications. Debt talks continue via Barrenjoey.
30 Apr 2026investor presentation● Neutral
Presentation supporting the April placement and Share Purchase Plan, naming Barrenjoey, Canaccord and Petra as joint lead managers. Repeats the acceleration strategy and capital raising terms already announced. Nothing new.
28 Apr 2026material agreement▲ GoodMajor
Finder signed a bridging agreement with SLB and amended the TIMOR GAP farmin to fund up to US$20m gross of long-lead items before FID, split 50/50. Three subsea trees are reserved. FID remains mid-2026; first oil is now late 2027 or early 2028.
9 Apr 2026material agreement▲ Good
Finder signed a non-binding letter of intent with Sunda Energy's Timor-Leste subsidiary to jointly secure a drilling rig. With Finder's three KTJ development wells plus Sunda's Chuditch appraisal well, the campaign would run almost 200 days. Advances the open rig search but is not binding.
8 Apr 2026director officer appointment● Neutral
Steve Gardyne, Amplus Energy managing director, joined the board as a non-executive director from 2 April 2026. This completes the appointment foreshadowed in the Amplus share deal; he stands for election at the 2026 AGM.
27 Mar 2026regulatory community update▲ GoodMajor
Timor-Leste regulator ANP approved a roughly 88 sq km Development Area over Kuda Tasi and Jahal, securing tenure for up to 25 years once the Field Development Plan is approved. The plan is due to be submitted in Q2 2026. KTJ is cited at 25 MMbbl gross 2C.
19 Mar 2026other▲ Good
Phase 1 engineering found the Petrojarl I FPSO technically suitable for Kuda Tasi and Jahal, supporting about 25,000 bopd. Produced water treatment is the main upgrade needed, with limited modifications overall. FID is still targeted mid-2026; Phase 2 engineering follows. Supports the December FPSO purchase.
16 Mar 2026half year report▼ Bad
Half-year to 31 December 2025 shows a net loss of $11.08m, versus a $6.9m profit a year earlier that included a one-off $9.4m deconsolidation gain. No revenue; the loss includes Petrojarl I FPSO acquisition costs. Management targets FID mid-year.
23 Feb 2026investor presentation● Neutral
February presentation repeats the FID mid-2026 target and now cites 25,000-30,000 bopd initial rates. Shows 57c share price, $283m market cap and $16.6m net cash, up from 42.5c in January. No new events.
16 Feb 2026other▲ GoodMajor
Front-end engineering design for the Kuda Tasi and Jahal subsea system and wells was completed on schedule, with the Subsea7/SLB/OneSubsea alliance. Finder is now procuring long-lead items and working on financing and approvals; FID is still targeted mid-year. Resolves the pending FEED thread.
12 Feb 2026price query● Neutral
Finder answered an ASX price query after the share price rose from 42.5c to an intraday high of 53.5c. It said it knew of no undisclosed information and attributed the move to investor interest in project milestones and coming catalysts.
2 Feb 2026production update● Neutral
The Petrojarl I was towed from Las Palmas to a cheaper lay-up berth at Tenerife, where it stays until FID (mid-year). Finder has applied to cut lay-up crew from 16 to 11 to reduce holding costs. Cost-saving logistics, not a project change.
28 Jan 2026investor presentation● Neutral
January corporate presentation restates the FPSO ownership, TIMOR GAP funding of 50% of development capex (US$170m) and 1H 2026 catalysts. Shows 42.5c share price, $211m market cap, $18.7m net cash and 496m shares. Nothing new.
19 Jan 2026asset acquisition disposition● Neutral
Finder issued 37,233,008 shares at $0.37 to Amplus as part of the US$15m Petrojarl I price, after shareholder approval on 12 January. Steve Gardyne will join the board as a non-executive director. Resolves the pending share issue.
16 Jan 2026capital raising announcement▲ Good
Tranche 2 of the placement completed after shareholders approved on 12 January: 14,067,568 shares at $0.37 raised about $5.2m from directors and Longreach. Completes the A$25m raise announced 3 December.
What it means for a shareholder
14.1m new shares at A$0.370 to raise about A$5.2m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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7 Jan 2026security holder rights change● Neutral
The final 1,208,333 performance rights (issued January 2023) vested after the 30-day VWAP exceeded 35c. Each can convert to a share until 8 January 2028. Minor employee-incentive step.
15 Dec 2025asset acquisition disposition▲ GoodMajor
Finder completed the Petrojarl I FPSO purchase from Amplus; title passed to subsidiary Jarl Marine. It also signed FEED, conversion management and operations framework contracts with Amplus. FID is still targeted mid-2026. Resolves the 3 December deal; the share issue is still pending.
15 Dec 2025farm in farm out completion▲ Good
The P2530 farmout to Serica completed. Finder now holds 20% and remains operator, and has invoiced Serica £500k. A joint venture decision on drilling a Wagtail appraisal well (Phase C) or leaving the licence comes at the end of Phase B. Resolves the 4 November deal.
10 Dec 2025investor presentation● Neutral
Webinar deck on the Petrojarl I deal. Gives payment detail: US$9.0m in shares, US$3.5m cash on completion, US$2.5m at FID, plus about US$2m already paid for FEED and exclusivity. Otherwise repeats FID mid-2026 and first oil end-2027 targets.
9 Dec 2025capital raising announcement▲ Good
Tranche 1 of the 3 December placement closed: 53.5m shares issued at $0.37 raising about $19.8m. Tranche 2 of 14,067,568 shares needs shareholder approval at an EGM expected January 2026. Continues the placement.
What it means for a shareholder
53.5m new shares at A$0.370 to raise about A$19.8m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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