3D Oil Limited (AU:TDO) has released an update.
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3D Energi Limited is refining its gas strategy by exiting the Gippsland Basin permit to focus on high-impact exploration in the Otway Basin, where they have promising drilling programs planned for 2025 with backing from ConocoPhillips Australia. The shift comes as the company aims to prioritize projects with a greater likelihood of commercial success, in response to the Australian Energy Market Operator’s warnings of potential gas supply shortages.
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