Finder adds North Sea Acreage

PERTH, WA (7 April 2021)

Finder Energy is pleased to announce that it has been awarded a 100% interest in the P2528 Licence in the 32nd UK Offshore Licensing Round.  

P2528 is located on the southern edge of the South Halibut Basin, Central North Sea and covers an area of 454 square kilometres and is only 90 km NE of Aberdeen (see Location Map).

The leading prospect identified by Finder on the licence is Whitsun, targeting the same Upper Jurassic reservoir that hosts the nearby Buzzard Oil Field.  The Buzzard Field was discovered in 2001 and contains over 1 billion barrels of oil.  In addition to the Whitsun prospect, the licence contains a further four prospects and leads and a small oil discovery.

“Finder recently announced its entry into the North Sea and the addition of the P2528 Licence is complimentary with our strategy to secure high-quality exploration acreage close to discoveries and infrastructure.  Finder will unlock the exploration potential in this licence using the latest generation 3D seismic reprocessing technologies.   In the coming weeks we expect to announce further acquisitions and partnerships as Finder continues to build its North Sea exploration portfolio”, said Damon Neaves, CEO of Finder.

LOCATION MAP

About Finder Energy

Finder Energy Pty Ltd is an oil and gas exploration company based in Perth, Western Australia.  Established in 2004, we have earned a strong reputation in the industry as an active and successful explorer.  Finder is currently one of the most active explorers on the North West Shelf of Australia.  In February 2021, Finder announced its entry into the UK North Sea where it hopes to continue its exploration success.

Further Details

For more information, visit www.finderenergy.com or contact us directly:

Damon Neaves

Chief Executive Officer

info@finderenergy.com

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