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3D Oil Limited ( (AU:TDO) ) just unveiled an update.
3D Energi Limited has announced that the Korea National Oil Corporation (KNOC) will join its joint venture with ConocoPhillips Australia in the Otway Basin exploration permits, subject to regulatory approvals. KNOC will acquire a 29% interest, enhancing the exploration program with its investment and expertise. This move is expected to strengthen 3D Energi’s position in the market as it aims to become a significant gas producer on Australia’s east coast.
More about 3D Oil Limited
3D Energi Limited operates in the oil and gas industry, focusing on exploration and production. The company is involved in joint ventures to explore natural gas resources, particularly in the Otway Basin, aiming to supply domestic gas to the east coast of Australia.
Average Trading Volume: 212,951
Technical Sentiment Signal: Buy
Current Market Cap: A$30.68M
For a thorough assessment of TDO stock, go to TipRanks’ Stock Analysis page.