Finder Energy Unleashes 3-Year Extension for Major Oil Play!
⬜ Highlights: ▪ Finder secures a 3-year extension for WA-547-P, situated in the highly prolific Dorado play trend, extending exploration opportunities until January 4, 2027.
▪ With three significant prospects identified (Brees, Favre, and Brady), WA-547-P boasts a massive 2U (P50) prospective resource potential of over 500 MMbbl of recoverable oil, igniting excitement in the exploration sector.
▪ The Dorado play, renowned for its dynamism and exploration success rates of around 70%, promises further opportunities with Santos gearing up for the largest undeveloped conventional oil resource in Australia, the Dorado Field.
▪ Finder seeks a farmout partner to capitalize on the immense prospectivity of WA-547-P, leveraging the positive momentum in Australia’s energy sector following recent breakthroughs in high-profile projects like Santos’ Barossa Gas Project and Woodside’s Scarborough LNG Project.
⬜ Strategic Benefits: ▪ Flexibility in expenditure timing and environmental approvals. ▪ Enhanced value and attractiveness for potential partners. ▪ Finder primes for intensified marketing of premium farm-out opportunities.
Read the press release here: https://lnkd.in/ePwJSP8b