3D Oil Limited (AU:TDO) has released an update.
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3D Energi Limited is advancing its east coast gas strategy, presenting a conceptual development strategy that includes drilling up to six wells across two permits, with a focus on rapid commercialization and proximity to existing infrastructure. The company retains a 20% stake in the permits, with potential development hinging on exploration success and regulatory approvals. The strategy prioritizes VIC/P79 South due to its lower-risk prospects and existing nearby gas fields, paving the way for future expansion and field development.
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