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D3 Energy Limited ( (AU:D3E) ) has provided an update.
D3 Energy Limited has announced successful results from its production re-test at the RBD10 well in the Free State, South Africa, with a 38% increase in gas flow rates compared to initial tests. This improvement, along with similar results from the RBD03 well, suggests enhanced reservoir deliverability and connectivity, potentially reducing development costs by allowing for increased well spacing and fewer wells needed to meet production targets.
More about D3 Energy Limited
D3 Energy Limited is an energy company focused on the exploration and production of gas resources. The company operates in the Free State, South Africa, and is involved in the development of unique gas reservoirs that include helium and biogenic methane.
Average Trading Volume: 375,142
Technical Sentiment Signal: Buy
Learn more about D3E stock on TipRanks’ Stock Analysis page.