HEA Appointed Advisor for Finder Energy's Australian AC/P 45 & 55 Farmout

Source: www.gulfoilandgas.com 4/6/2021, Location: Not categorized

Holt Energy Advisors Ltd (HEA) have been appointed by Finder Energy Pty Ltd ("Finder Energy") as farmdown advisor for their AC/P 45 & 55 licences in the Browse Basin off the NW Coast of Australia.

Licence AC/P 45 contains the drill-ready Alpha prospect which is a low risk, high reward target with mean prospective resources of 150 mmbbl. The primary target is the Puffin reservoir with a secondary target in the Triassic. The targets are mapped on Broadband pSDM 3D with seismic inversion used to derisk the seal and reservoir. In the success case, robust economics are demonstrated with a sub-sea development tied back to an FPSO. The prospect is located in shallow water of approx 130m and Finder are seeking partners to join them for a 2022 well with estimated dry hole costs of MUSD 15. In a success case, a follow on well on the Epsilon target could be drilled.

In addition to the prospectivity in the Puffin and Triassic Sands, Finder have developed an exciting multi-billion play across both the AC/P 45 and AC/P 55 licences - "the Zeta Play". This is a new Permian Limestone play located entirely on Finder acreage. Again the play benefits from being located in shallow water between 70-130m with targets at around 5,000m. Finder are looking for partners to shoot new 3D seismic of around 1,500 km2 to help derisk 6 identified prospects.

Finder are a privately owned, Australia based exploration company. They have one of the largest exploration holders on the North West shelf of Australia and this opportunity represents a chance to partner with a technically-led company with clear plans to move the licences forward to maximise value. Significant equity is available to partners in return for a carry through the forward work plans which could be for the drill-ready Alpha prospect or the 3D seismic for the Zeta play or a combination for both. Operatorship is potentially available to suitably qualified companies.





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