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3D Oil Limited ( (AU:TDO) ) has shared an announcement.
3D Energi Limited has commenced anchor pre-lay operations for the Otway Exploration Drilling Program, preparing for the drilling of Essington-1 and Charlemont-1 wells. With all necessary regulatory approvals in place, the company is poised for significant exploration activity, supported by a financial arrangement with ConocoPhillips Australia to cover up to US$65 million in drilling costs.
More about 3D Oil Limited
3D Energi Limited operates in the energy sector, focusing on exploration and drilling projects. The company is involved in the Otway Exploration Drilling Program, with a 20% participating interest, and collaborates with ConocoPhillips Australia to manage drilling costs.
Average Trading Volume: 262,918
Technical Sentiment Signal: Buy
Current Market Cap: A$50.02M
For a thorough assessment of TDO stock, go to TipRanks’ Stock Analysis page.