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The latest update is out from 3D Oil Limited ( (AU:TDO) ).
3D Energi Limited has commenced drilling at the Charlemont-1 gas exploration well in the Otway Basin, Victoria, as part of the 2025 Otway Exploration Drilling Program. The well targets a significant prospective resource in the Waarre A reservoir, with an 81% chance of success supported by strong geophysical indicators. This initiative is part of a broader effort to bolster natural gas supply for Australia’s energy needs, with potential implications for the company’s market positioning and stakeholder interests.
More about 3D Oil Limited
3D Energi Limited is a company in the energy sector, focusing on the exploration and development of natural gas resources. It holds a 20% interest in the Otway Exploration Drilling Program, which aims to identify commercially viable natural gas reserves to supply Australia’s East Coast market.
Average Trading Volume: 1,405,077
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$71.2M
Learn more about TDO stock on TipRanks’ Stock Analysis page.