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3D Oil Limited ( (AU:TDO) ) just unveiled an announcement.
3D Energi Limited has provided an operational update on its Charlemont-1 gas exploration well in the Otway Basin, Victoria. The well, which began drilling on 10 December 2025, is progressing smoothly and is expected to reach a total depth of 2830 meters in approximately 32.9 days. The company’s stake in this project is 20%, with ConocoPhillips Australia as the operator holding a 51% interest, and Korea National Oil Company holding the remaining 29%. The successful progress of this drilling operation could enhance 3D Energi’s position in the energy sector and potentially impact its market value.
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: 1,457,262
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$71.2M
For an in-depth examination of TDO stock, go to TipRanks’ Overview page.