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How Finder Energy’s $338M Deal with TIMOR GAP Accelerates KTJ Oil Project

8:25am on Thursday 30th of October, 2025 AEDT Energy
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How Finder Energy’s $338M Deal with TIMOR GAP Accelerates KTJ Oil Project

8:25am on Thursday 30th of October, 2025 AEDT
Key Points
  • Binding Farmin Agreement with TIMOR GAP funds 50% of KTJ Project development capex up to US$338 million
  • Independent resource upgrade increases Gross 2C Contingent Resources by 14%, enhancing project economics
  • Accelerated FEED Project with SLB progresses, targeting FID and First Oil by mid-2026
  • Significant increases in Gross Rock Volume for Krill and Squilla discoveries suggest further upside
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