Finder Energy is pleased to announce that it has completed its acquisition of the highly prospective UK North Sea Goose licence, P2317, from Azinor Catalyst Limited (Azinor).

P2317 is located in the NW Witch Ground Graben of the Outer Moray Firth, Central North Sea, and covers an area of 292 square kilometres and is 175 km NE of Aberdeen. The licence contains the drill ready Goose prospect, a large low risk amplitude supported Lower Cretaceous prospect, that sits immediately adjacent to the Northern Flank of the Claymore field (see Goose Overview). The Goose prospect has Pmean recoverable resources of 75 mmbbl with additional low risk follow-on potential at the adjacent 85 mmbbl Long Bird prospect.

Finder currently holds an operated 100% working interest in this licence and is seeking partners to join in the drilling of the Goose exploration well in 2022 or 2023.

“This acquisition further builds on a string of acquisitions announced by Finder in the UK North Sea as our strategy to secure high-quality exploration opportunities close to producing fields and infrastructure takes shape. The Azinor team has significantly de-risked the Goose opportunity and we are now actively seeking partners to join us in the drilling of the well as early as next year. Given Goose’s close proximity to accessible infrastructure and the UK’s attractive fiscal regime, we are extremely excited to bring an opportunity of this calibre to the North Sea market”, said Damon Neaves, CEO of Finder.

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.

About Azinor Catalyst

Azinor Catalyst, is an independent oil & gas company, focused on the United Kingdom Continental Shelf. Founded in 2014, the company has matured a high value and high materiality UK portfolio through targeted acquisitions and licencing rounds. The company is a qualified UK offshore operator and is focused on generating significant value for its stakeholders through advanced seismic technology and other geotechnical de-risking technologies ahead of drilling oil & gas exploration opportunities. Its exploration portfolio will over time be complemented with production and development opportunities.