Finder Energy (ASX:FDR) advanced the KTJ project in Timor-Leste towards a final investment decision in the quarter ended June 30, according to a Friday filing with the Australian bourse.

The company completed the principal regulatory submissions for project development by submitting the environmental impact statement and field development plan, the filing said.

Additionally, the company secured manufacturing capacity and delivery windows for critical long-lead equipment, per the filing.

Shares rose 3% in morning trade Friday.