Finder Milestones

Home / About Us / Finder Milestones


Divestment / Farmout History / Discovery History

2016
June 2016 – Exploration Permit AC/P 61 was awarded to Finder on 23 June 2016. The Permit is located in the Vulcan Sub-basin, western Bonaparte Basin in the Timor Sea, approximately 250 km offshore and 650 km from Darwin off the northwest coast of Western Australia.
May 2016 – Finder has entered into a sales and purchase agreement with Quadrant Oil Australia Pty Ltd for its entire acreage holding in the Bedout Sub-basin. The transaction is effective 1 March 2016 and is subject to conditions precedent as well as procurement of regulatory approval, registrations and joint venture approval. Financial details of the transaction remain confidential, but include a combination of success payments and a royalty. For more details please click here.

2015
March 2015 – Finder was granted onshore petroleum exploration permit EP 493 in the onshore Canning Basin as of 1 March 2015.
June 2015 – Finder commenced exploration in Alberta, Canada with the acquisition of 130,000 acres (>200 sections) of Petroleum and Natural Gas Rights.
June 2015 – Apache Energy Limited became Quadrant Energy Australia Limited following the sale of Apache Energy Limited to the Macquarie and Brookfield consortium – please click here to view Quadrant’s 5 June 2015 announcement.
July 2015 – Finder spuds its first operated well (Theia-1) in EP 493 in the onshore Canning Basin on 14 July 2015.
August 2015 – Finder and Quadrant Energy Australia Limited have been granted a retention lease over the Olympus gas discovery made in Exploration Permit WA-450-P in 2012/2013. Petroleum Retention Lease WA-59-R has been granted for a term of five years. Please click here for more detail on the asset.
August 2015 – Finder is pleased to announce that operations in relation to the drilling of the Theia-1 exploration well in Exploration Permit EP 493 of the onshore Canning Basin are now complete. Theia-1 was a test of the Middle Ordovician Goldwyer III liquids rich resource play and early assessment of the well results appear to validate the geological model and de-risk the play. Please click here for more detail.
September 2015 – Finder increases its North West Shelf net acreage holding by ~1,280 km² with the award of WA-520-P in the Exmouth Sub-basin of the Carnarvon Basin. Please click here to see an overview of the Permit.
December 2015 – Finder follows up its 2014 Phoenix South oil discovery in WA-435-P within the Bedout Sub-basin with the discovery of the Roc-1 Gas Field in WA-437-P, confirming the significance of this emerging hydrocarbon province. Please click here for Finder’s preliminary assessment of the Roc-1 gas discovery.

2014
In August 2014 Finder confirmed a new potential oil province offshore Australia with the Phoenix South-1 oil discovery in WA-435-P of the Bedout Sub-basin.
Apache Northwest Pty Ltd and JX Nippon Oil & Gas Exploration (Australia) Pty Ltd committed to drill the Roc-1 exploration well in WA-437-P of the Bedout Sub-basin in Q4 2015.
Finder successfully farmed out of 20% equity in WA-436-P and WA-438-P in the Bedout Sub-basin to Apache Northwest Pty Ltd in August 2014.
August 2014 – Finder increases its North West Shelf net acreage holding by ~2,180 km² with the award of WA-500-P in the Northern Carnarvon Basin. Please click here to see an overview of the Permit.
November 2014 – Finder transacts with Norwest Energy NL in relation to Finder’s Special Prospecting Authority with Acreage Option Number 16 (SPA 16 AO) in the North Perth Basin.

2013
April 2013 – the WA-450-P Joint Venture makes a gas discovery at Olympus-1 in WA-450-P.
Finder successfully farmed out 20% equity in AC/P 52 in the Browse Basin to Shell Development (Australia) Pty Ltd in August 2013 for the drilling of the Cronus-1 exploration well.

2012
Finder sold its remaining stake in AC/P 36 in the Browse Basin to a wholly owned subsidiary of Murphy Australia Oil Pty Ltd.
Finder farmed in to WA-412-P at a 35% equity level in June 2012. Subsequently, in April 2014, Finder assumed 100% equity and Operatorship of this Permit.
Successful farmout of 30% equity in WA-435-P and WA-437-P in the Bedout Sub-basin to Apache Northwest Pty Ltd and JX Nippon Oil& Gas Exploration (Australia) Pty Ltd in October 2012 for the drilling of the Phoenix South-1 exploration well in WA-435-P.
Finder relinquished its exploration acreage in Jamaica and terminated the associated Production Sharing Agreements effective 29 September 2012.
Successful farmout of 65% equity in NT/P 79 in the Bonaparte Basin to a wholly owned subsidiary of MEO Australia Limited in December 2012.

2011
Following the WA-450-P / Apache transaction in 2010 Finder farmed out a further 20% of the Permit to Japan Australia LNG (MIMI) Pty Ltd in October 2011. In January 2014 Finder re-acquired the 20% equity from MIMI.

2010
Finder farmed out 45% of AC/P 52 in the Browse Basin to Sasol Petroleum Australia Ltd prior to the commencement of 3D seismic acquisition.
Finder farmed out 75% of WA-450-P in the Exmouth Sub-basin to Apache Northwest Pty Ltd. Apache also assumed operatorship for the Permit.
Finder also farmed out 65% of WA-418-P in the Northern Carnarvon Basin to Apache Northwest Pty Ltd prior to the commencement of a 3D seismic survey covering the key prospectivity of the Permit. Apache also assumed operatorship for the Permit and subsequently committed to drill the Hyde-1 exploration well.

2009
Finder sold its 100% equity stake in WA-401-P in the outer Carnarvon/Exmouth to Woodside Energy Ltd and Hess Australia (Exmouth) Pty Ltd.
Finder farmed out 40% of AC/P 45 and 40% of AC/P 44 in the Browse Basin to Perenco (SE) Australia Pty Ltd for the acquisition of significant 3D seismic data in the Permits.

2007
Finder farmed out 40% of AC/P 36 in the Browse basin and transferred operatorship to Murphy Australia Oil Pty Ltd (a subsidiary of Murphy Oil Corporation). At the same time Finder farmed out an additional 20% to PTTEP Australia Offshore Pty Ltd. The joint venture drilled the Abalone Deep-1 exploration well in 2008/2009 and the well intersected non-commercial quantities of natural gas.