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3D Oil Limited ( (AU:TDO) ) has provided an update.
3D Energi Limited has announced promising results from its Essington-1 gas exploration well in the offshore Otway Basin, Victoria. The well has intersected significant gas-bearing intervals in both the primary Waarre A and secondary Waarre C reservoirs, with wireline logs indicating the presence of moveable hydrocarbons. The company plans further testing to confirm the commercial viability of these findings, which could enhance its market position and provide substantial benefits to stakeholders.
More about 3D Oil Limited
3D Energi Limited is an oil and gas exploration company based in Melbourne, Victoria, focusing on high-impact projects in offshore Victoria and Western Australia.
Average Trading Volume: 725,472
Technical Sentiment Signal: Buy
Current Market Cap: A$48.17M
For an in-depth examination of TDO stock, go to TipRanks’ Overview page.