D3 Energy Limited (AU:D3E) has released an update.
D3 Energy Limited has reported outstanding initial production testing results from their RBD03 well in South Africa, revealing a significant doubling of gas flow rates with the deployment of new, more accurate metering equipment. The company anticipates similar increases at other wells upon retesting and is moving forward with further drilling and testing as part of a comprehensive program to inform future production strategies.
For further insights into AU:D3E stock, check out TipRanks’ Stock Analysis page.