Finder Exploration – Management Change

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14 January 2016
As some of you may be aware, I have decided to step down as Managing Director of Finder Exploration Pty Ltd for personal reasons but will remain as the sole director. Shane Westlake has been appointed as Chief Executive Officer to lead the Company during a very exciting period of growth.

Finder has built a successful business by focusing on de-risking prospective acreage predominantly on the North West Shelf of Australia by delivering opportunities through our people using their knowledge, leveraging data & technology. Finder currently has interests in 16 Australian exploration permits predominantly offshore north-western Australia (of which we operate 9) covering a total of ~48,850 km² plus a significant acreage holding in the province of Alberta in Canada.

To date Finder has participated in five exploration wells, delivering the Olympus and Roc gas fields, the Phoenix South oil field (arguably the most significant oil discovery on the North West Shelf in the past 25 years) plus the encouraging results for the Canning Basin resource play from the Theia-1 exploration well. In the next few weeks we will spud the Hyde-1 exploration well in the Northern Carnarvon Basin with subsequent drilling in the Browse Basin (Cronus-1) and further Canning Basin activity.

Shane’s promotion has also provided the opportunity to realign management roles and responsibilities to better meet the commercial drivers in the current challenging industry conditions.
Finder’s revised management structure is summarised below:

                    Shane Westlake as Chief Executive Officer

                    Craig M. Gumley as Manager – Offshore Australia

                    Dariusz Jablonski as Manager – New Ventures

                    Ryan Taylor – Walshe as Manager – Onshore Australia & Canada

                    Aaron Bond as Manager – Geoscience

I have enjoyed my time as Managing Director of Finder during the last ten years and would personally like to thank everyone involved with this journey and wish everyone a prosperous 2016.
Warmest regards
Jan Ostby


Finder Exploration Pty Ltd (A.B.N. 44 112 222 563)T:    +61 8 9327 0100
9 Richardson Street, West Perth WA 6005, AustraliaF:    +61 8 9327 0101


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