News: 2-November-2009: Finder has entered into a farm out agreement which provides for Perenco (SE) Australia Pty Ltd, a wholly owned subsidiary of Perenco S.A., to earn 40% in AC/P 45 and 40% in AC/P 44.
Highly Prospective - Multiple Plays
60% Finder Exploration & Operator 
40% Perenco (SE) Australia Pty Ltd
Surface area: ~2,590km2
Water depth: 20-250m
Exploration Permit AC/P 45 was awarded to Finder in April 2008. The Permit is located along the boundary of the Ashmore Platform in the Territory of Ashmore and Cartier Islands and the highly prospective Browse Basin, ~240km off the coast of north-western Australia. The area lies north and east of Finder’s (40%) AC/P 36 exploration Permit and approximately 120km north of the giant Gorgonichthys-Brewster gas field.
Potential Play-types
(i) Puffin basin floor fan sands (primary play),
(ii) Middle to Lower Triassic fault blocks (Nome Formation),
(iii) Permian reefs, and
(iv) Permo-Carboniferous deltaics.
ftp://e0srp01u.ecs.nasa.gov/
Geology of the northern Browse Basin
The current form of the Browse Basin is the result of multiple periods of extension, subsidence and minor compression, associated with the fragmentation of eastern Gondwana followed by compression in the uppermost Miocene. This is a proven hydrocarbon Basin, delivering both oil and gas discoveries. Refer to the schematic cross section below for a generalisation of the key play concepts.
Generalised cross section through the northern Browse Basin showing the main play concepts.