3D Energi Faces Potential Buy-Out of VIC/P79 Interest After Default Notices

3D Oil Limited ( (AU:TDO) ) just unveiled an update.

3D Energi Limited has received a buy-out notice from ConocoPhillips SH2 Pty Ltd regarding its 20% participating interest in the Otway Phase 1 Drilling Program within the VIC/P79 exploration permit. The notice triggers a process under the Joint Operating Agreement to determine a fair market value for 3D Energi’s stake, either by mutual agreement or expert valuation.

Once a fair market value is set, ConocoPhillips SH2 Pty Ltd has 30 days to exercise its buy-out right over the company’s interest in VIC/P79. If the buy-out right is not exercised, ConocoPhillips SH2 Pty Ltd and Korea National Oil Corporation may pursue other default remedies, including potential dilution of 3D Energi’s stake, and the company is seeking advice on the validity of the default and buy-out notices while committing to keep the market informed.

The most recent analyst rating on (AU:TDO) stock is a Sell with a A$0.07 price target. To see the full list of analyst forecasts on 3D Oil Limited stock, see the AU:TDO Stock Forecast page.

More about 3D Oil Limited

3D Energi Limited is a Melbourne-based oil and gas exploration company focused on high-impact offshore projects in Victoria and Western Australia. The company targets upstream opportunities in exploration permits such as VIC/P79, where it holds minority participating interests alongside major industry partners.

Average Trading Volume: 4,703,367

Technical Sentiment Signal: Sell

Current Market Cap: A$41.94M

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