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An update from 3D Oil Limited ( (AU:TDO) ) is now available.
3D Energi Limited announced the arrival of the Transocean Equinox drilling rig in the Otway Basin, marking a significant step in the Otway Exploration Drilling Program (OEDP). The program, operated by ConocoPhillips Australia, aims to address gas shortages in southern Australia with plans to drill up to six wells by 2028. The initiative is critical for meeting future energy demands and could position 3D Energi as a key player in the region’s energy market.
More about 3D Oil Limited
3D Energi Limited operates in the energy sector, focusing on exploration and development of gas resources. The company is involved in offshore exploration projects, particularly in the Otway Basin, and holds a 20% interest in exploration permits VIC/P79 and T/49P.
YTD Price Performance: 6.67%
Average Trading Volume: 248,150
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$32.01M
See more data about TDO stock on TipRanks’ Stock Analysis page.