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3D Energi Confirms Otway Project Drilling Plans for 2025

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3D Energi Confirms Otway Project Drilling Plans for 2025

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The latest announcement is out from 3D Oil Limited ( (AU:TDO) ).

3D Energi Limited has confirmed the final well locations and drilling schedule for Phase 1 of the Otway Exploration Drilling Program. The company, alongside operator ConocoPhillips Australia, plans to commence drilling in September 2025, with two exploration wells, Essington-1 and Charlemont-1, being the initial targets. This phase is part of a larger program proposing up to six exploration wells, with 3D Energi being carried by ConocoPhillips for up to $65 million in drilling costs. The announcement marks a significant step in the company’s exploration efforts, potentially impacting its market position and stakeholder interests.

More about 3D Oil Limited

3D Energi Limited is a company involved in the energy sector, focusing on exploration and development projects. It holds a 20% interest in the VIC/P79 and T/49P exploration permits in the Otway Basin.

Average Trading Volume: 156,756

Technical Sentiment Signal: Buy

Current Market Cap: A$45.02M

For detailed information about TDO stock, go to TipRanks’ Stock Analysis page.

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