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An update from 3D Oil Limited ( (AU:TDO) ) is now available.
3D Energi Limited announced the completion of Korea National Oil Corporation’s (KNOC) farm-in to the Otway Joint Venture, which includes 3D Energi and ConocoPhillips Australia. KNOC now holds a 29% interest in the VIC/P79 and T/49P exploration permits, while ConocoPhillips retains a 51% stake and operatorship. This strategic partnership, bolstered by KNOC’s investment and expertise, aims to enhance the exploration program and contribute to the domestic gas supply, supporting energy security and transition in Australia.
More about 3D Oil Limited
3D Energi Limited operates in the energy sector, focusing on exploration and development of natural gas resources. The company collaborates with partners to enhance its exploration capabilities and aims to supply domestic gas to the east coast of Australia.
Average Trading Volume: 247,087
Technical Sentiment Signal: Buy
Current Market Cap: A$46.69M
See more insights into TDO stock on TipRanks’ Stock Analysis page.