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An update from 3D Oil Limited ( (AU:TDO) ) is now available.
3D Energi Limited announced the planned locations for its Phase 1 exploration wells in the Otway Basin, with drilling expected to commence in the third quarter of 2025. The company has identified three potential sites and has secured financial backing from ConocoPhillips Australia to cover significant drilling costs. This development is part of a larger exploration program aimed at enhancing the company’s resource base and market position, with implications for stakeholders as the company advances its exploration efforts.
More about 3D Oil Limited
3D Energi Limited is a company operating in the energy sector, focusing on exploration and development activities in offshore petroleum and gas. The company holds interests in exploration permits in the Otway Basin, working alongside partners like ConocoPhillips Australia.
Average Trading Volume: 155,406
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$36.68M
See more insights into TDO stock on TipRanks’ Stock Analysis page.