Finder Energy's (ASX:FDR) Finder Timor-Leste subsidiary entered into a non-binding letter of intent with SundaGas Banda Unipessoal, a Sunda Energy unit, to secure a drilling rig for their respective drilling campaigns offshore Timor-Leste, according to a Thursday filing with the Australian bourse.

The parties will work together on rig procurement and share drilling costs across their planned programs, including the company's three development wells for the KTJ project, the filing said.