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3D Oil Limited (AU:TDO)
ASX:TDO

3D Oil Limited (TDO) AI Stock Analysis

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AU:TDO

3D Oil Limited

(Sydney:TDO)

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Neutral 44 (OpenAI - 5.2)
Rating:44Neutral
Price Target:
AU$0.08
â–Ľ(-44.29% Downside)
The score is held down primarily by weak financial performance (limited recurring revenue, ongoing losses, and persistent cash burn). Technicals also detract, with the stock trading below all key moving averages and negative MACD. A low-debt balance sheet provides some support, but negative earnings and lack of dividend data limit valuation attractiveness.
Positive Factors
Low Leverage / Balance Sheet Strength
Very low leverage materially lowers refinancing and interest-rate risk, giving the company structural financial flexibility to fund exploration or pursue farm-outs without immediate debt pressure. This balance-sheet cushion supports runway and partner negotiations over the medium term.
Monetization via Farm-outs and JV Arrangements
A business model that includes farm-outs, asset sales and JV carries lets 3D Oil de-risk capital-intensive exploration by transferring funding and technical risk to partners. Structurally this enables activity without sustained internal cash generation and supports milestone-driven value realization.
Focused Upstream Portfolio in Australian Basins
Concentration on conventional hydrocarbons in established Australian basins provides access to known geology, existing infrastructure and clearer regulatory pathways. That focus can attract partner interest and create tangible appraisal/development routes over a multi-month horizon.
Negative Factors
Persistent Negative Cash Flow
Consistent operating and free cash flow deficits — including a large 2024 outflow — signal structural cash-burn. The firm must rely on external funding or asset monetization to sustain operations, constraining discretionary activity and elevating dilution or transaction risk over the next 2–6 months.
Lack of Recurring Revenue and Renewed Losses
The absence of stable production revenue and the return to net losses after a one-off profitable year indicate revenue is lumpy and not durable. This undermines operating leverage, makes planning dependent on discrete monetization events, and weakens medium-term earnings predictability.
Declining Equity and Negative Returns on Equity
Erosion of shareholder equity and recurring negative ROE reflect losses consuming net assets. This reduces the balance-sheet buffer, limits borrowing or deal flexibility, and can impair partner confidence and the company's ability to fund or farm-out programs without dilutive measures.

3D Oil Limited (TDO) vs. iShares MSCI Australia ETF (EWA)

3D Oil Limited Business Overview & Revenue Model

Company Description3D Oil Limited explores for and develops upstream oil and gas assets in Australia. It holds 24.9% interest in the VIC/P57 exploration permit covering an area of 246 square kilometers located in the offshore Gippsland Basin, Victoria; 20% interest in the T/49P exploration permit covering an area of 4,960 square kilometers located in the offshore Otway Basin, Tasmania; and 50% interest in the VIC/P74 exploration permit covering an area of 1006 square kilometers located in the offshore Gippsland Basin, Victoria. The company also holds a 100% interest in the WA/527-P exploration permit covering an area of 6,500 square kilometers located in the offshore Roebuck Basin; and the VIC/P79 exploration permit covering an area of 2,575 square kilometers located in offshore Otway Basin, Victoria. 3D Oil Limited was incorporated in 2003 and is based in Melbourne, Australia.
How the Company Makes Money3D Oil Limited generates revenue primarily through the exploration and development of its oil and gas assets. The company invests in identifying potential hydrocarbon reserves and engages in exploratory drilling to assess the viability of these reserves. Upon successful discovery and appraisal, 3D Oil Limited may either develop the reserves for production or partner with larger production companies, earning revenue through production sharing agreements or asset sales. The company's earnings are significantly influenced by factors such as oil and gas prices, exploration success, and strategic partnerships with other industry players.

3D Oil Limited Financial Statement Overview

Summary
Overall fundamentals are weak: income statement and cash flow are poor (zero revenue in most years and renewed losses in 2024–2025; operating and free cash flow negative every year). The main offset is a relatively strong balance sheet with very low leverage, though equity has declined and returns are negative again.
Income Statement
18
Very Negative
Earnings quality and consistency are weak: revenue is zero in most years (2020–2022, 2024–2025), and the company is loss-making again in 2024 and 2025 (annual net losses of ~2.17m and ~1.48m). While 2023 shows a sharp one-off improvement with meaningful revenue (~4.19m) and strong profitability, that performance did not persist, and recent EBIT/EBITDA remain negative—indicating limited operating leverage and high dependence on non-recurring outcomes.
Balance Sheet
66
Positive
The balance sheet is a relative strength: leverage is very low (debt-to-equity stays near zero, and total debt is minimal or zero in recent periods), which reduces refinancing risk. However, equity has trended down from 2024 to 2025 (from ~10.87m to ~9.55m), and returns on equity are negative again in 2024–2025, reflecting ongoing losses and pressure on net asset value if cash burn continues.
Cash Flow
22
Negative
Cash generation is consistently weak: operating cash flow is negative every year shown (roughly -1.0m to -1.4m annually), and free cash flow is also negative throughout. Free cash flow volatility is high (a very large outflow in 2024 of ~-3.07m followed by improvement to ~-1.16m in 2025), but the business still appears reliant on external funding or asset monetization to sustain operations given persistent cash burn.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue0.000.000.004.19M0.000.00
Gross Profit-85.17K-85.17K-93.06K-119.74K-121.28K-118.14K
EBITDA-1.42M-1.39M-2.07M2.85M-1.02M-1.01M
Net Income-1.48M-1.48M-2.17M3.41M-1.15M-1.14M
Balance Sheet
Total Assets10.01M10.01M11.53M10.66M7.90M8.76M
Cash, Cash Equivalents and Short-Term Investments812.53K812.53K3.25M3.31M1.34M3.14M
Total Debt0.000.0096.27K190.03K266.04K96.61K
Total Liabilities462.05K462.05K661.69K757.06K1.42M1.15M
Stockholders Equity9.55M9.55M10.87M9.91M6.47M7.61M
Cash Flow
Free Cash Flow-1.82M-1.16M-3.07M-2.44M-1.72M-1.94M
Operating Cash Flow-1.16M-1.16M-1.39M-1.41M-997.47K-1.05M
Investing Cash Flow-1.19M-1.19M-1.67M3.44M-721.46K-888.58K
Financing Cash Flow-98.36K-98.36K3.00M-76.01K-86.67K-91.13K

3D Oil Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.14
Price Trends
50DMA
0.15
Negative
100DMA
0.14
Negative
200DMA
0.13
Negative
Market Momentum
MACD
-0.02
Positive
RSI
27.54
Positive
STOCH
1.17
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TDO, the sentiment is Negative. The current price of 0.14 is above the 20-day moving average (MA) of 0.13, below the 50-day MA of 0.15, and above the 200-day MA of 0.13, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 27.54 is Positive, neither overbought nor oversold. The STOCH value of 1.17 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:TDO.

3D Oil Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
66
Neutral
AU$55.70M7.1221.06%―17.42%-38.46%
65
Neutral
$15.17B7.614.09%5.20%3.87%-62.32%
64
Neutral
AU$39.46M8.424.81%―53.56%-67.96%
44
Neutral
AU$41.94M-17.78-14.52%――40.00%
44
Neutral
AU$30.02M-8.18-13.99%―――
42
Neutral
AU$38.42M-13.04-171.19%―-7.70%-253.33%
40
Underperform
AU$51.50M-8.48-28.51%―――
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:TDO
3D Oil Limited
0.08
>-0.01
-5.88%
AU:JPR
Jupiter Energy
0.03
0.00
0.00%
AU:BRK
Brookside Energy
0.41
-0.07
-14.58%
AU:HYT
Triple Energy Limited
0.02
-0.02
-50.00%
AU:CTP
Central Petroleum Limited
0.07
0.01
23.33%
AU:JGH
Jade Gas Holdings Limited
0.03
>-0.01
-17.65%

3D Oil Limited Corporate Events

3D Energi Shares Suspended as Company Reviews Funding and VIC/P79 Interest
Jan 27, 2026

3D Energi Limited has requested and received a voluntary suspension of trading in its ordinary shares on the ASX under Listing Rule 17.2, effective immediately, while it prepares a further announcement. The company indicated that the suspension is needed as it continues to assess its funding position and the impact of a payment default on the level of its ongoing interest in the VIC/P79 exploration permit, with the suspension expected to remain in place until either 6 February 2026 or the release of a clarifying market update, signaling uncertainty around its project participation and near-term financial footing.

The most recent analyst rating on (AU:TDO) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on 3D Oil Limited stock, see the AU:TDO Stock Forecast page.

3D Energi Flags Funding Strain After Costly Otway Gas Discoveries
Jan 27, 2026

3D Energi Limited has reported that total costs for its Phase 1 Otway drilling program in the VIC/P79 permit, covering the Essington-1 and Charlemont-1 exploration wells, have significantly exceeded pre-drill estimates, leaving the company with an outstanding joint venture cash-call balance of about US$2.5 million and further forecast expenditure of roughly US$5.3 million. Unable to meet these obligations at present, the company has received a default notice from the joint venture operator, is suspending trading of its shares while it addresses funding options, and faces potential dilution or buy-out of its 20% interest under standard joint operating agreement default provisions, highlighting near-term financial and ownership-risk pressures despite recent operational success.

Operationally, Phase 1 has delivered two gas discoveries that extend the established Otway gas fairway into VIC/P79, with Essington-1 confirming gas in the Waarre C and Waarre A reservoirs—marking the Otway Basin’s first gas discovery since 2021—and Charlemont-1 encountering gas in the shallow Waarre C and deeper Waarre A intervals, underpinning the prospectivity of the Charlemont trend and cluster. Essington lies about 12 kilometres from existing pipeline infrastructure and early data indicate relatively low CO₂ content and associated liquids, positioning these discoveries as potentially attractive additions to future east coast gas supply, subject to further technical and commercial appraisal, regulatory approvals and the company’s ability to maintain its stake and secure development funding.

The most recent analyst rating on (AU:TDO) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on 3D Oil Limited stock, see the AU:TDO Stock Forecast page.

3D Energi Shares Halted Pending VIC/P79 Exploration and Company Update
Jan 22, 2026

3D Energi Limited has requested and been granted a trading halt on its ordinary shares on the ASX, with the suspension to remain in place until either 27 January 2026 or the release of a pending company announcement. The halt is intended to manage the company’s continuous disclosure obligations as it prepares to update the market on the status of its VIC/P79 exploration permit and provide a broader company update, signalling that material information affecting its exploration portfolio and operational outlook may be forthcoming for investors and other stakeholders.

The most recent analyst rating on (AU:TDO) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on 3D Oil Limited stock, see the AU:TDO Stock Forecast page.

3D Energi Confirms Second Gas Discovery in Otway Basin’s Charlemont Trend
Jan 14, 2026

3D Energi Limited has announced a gas discovery at the Charlemont-1 exploration well in the offshore Otway Basin, where it holds a 20% interest in the VIC/P79 permit. The well encountered previously unanticipated gas in thin Waarre C sandstones, confirmed by a recovered gas sample with a CO2 concentration broadly in line with the nearby La Bella gas field, and preliminary data indicate probable hydrocarbons in the primary Waarre A target, although further petrophysical analysis is required. Charlemont-1 is the second gas discovery under the Otway Exploration Drilling Program, following the Essington find, and confirms gas charge at both ends of the Charlemont Trend, de-risking intervening prospects and underscoring the prospectivity of the Charlemont cluster near existing infrastructure; Phase 1 of the program is now complete with Charlemont-1 to be plugged and abandoned, while the commercial viability and potential development options of the new gas resources remain under evaluation.

The most recent analyst rating on (AU:TDO) stock is a Hold with a A$0.18 price target. To see the full list of analyst forecasts on 3D Oil Limited stock, see the AU:TDO Stock Forecast page.

3D Energi Sets Fully Virtual General Meeting and Shifts to Digital Shareholder Communications
Jan 7, 2026

3D Energi Limited has convened a virtual general meeting of shareholders for 9 February 2026 at 2:00pm AEDT, with all meeting materials, including the notice of meeting and explanatory statement, to be provided electronically rather than in hard copy unless specifically requested. The move reflects recent changes to Australia’s Corporations Act and underscores the company’s shift toward digital shareholder communications, requiring investors to access documents and manage communication preferences online via the company’s website, the ASX platform, or the share registry, which may streamline engagement but also places a greater onus on shareholders to ensure their electronic contact details and preferences are up to date.

The most recent analyst rating on (AU:TDO) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on 3D Oil Limited stock, see the AU:TDO Stock Forecast page.

3D Energi Flags Probable Multi-Zone Gas Find at Charlemont-1 in Otway Basin
Jan 7, 2026

3D Energi has reported that its Charlemont-1 exploration/appraisal well in the offshore Otway Basin has intersected probable gas across multiple stacked Waarre sandstone reservoirs (C, B and A) within the VIC/P79 permit. Elevated gas and resistivity readings suggest hydrocarbon presence, including in the Waarre C zone where hydrocarbons were not originally expected, although higher-than-anticipated formation pressures forced drilling to stop before the planned total depth. The company and its partners are now evaluating options for further wireline logging to assess the quality, extent and connectivity of these zones, with management indicating that confirmation of significant gas volumes could materially de-risk a chain of up-dip prospects along the Charlemont Trend and potentially underpin one of the largest gas pool clusters in the Otway Basin, enhancing the project’s strategic significance for all joint venture stakeholders.

The most recent analyst rating on (AU:TDO) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on 3D Oil Limited stock, see the AU:TDO Stock Forecast page.

3D Energi Revises Charlemont-1 Well Design After Strong Gas Shows in Otway Basin
Jan 1, 2026

3D Energi Limited has reported an operational update on the Charlemont-1 gas exploration well in the offshore Otway Basin, where it holds a 20% interest alongside operator ConocoPhillips Australia and Korea National Oil Company. Drilling intersected significant gas shows in the Waarre C formation above the primary Waarre A target, and after encountering higher-than-expected pressures at 2,552 metres, the well design has been revised to include a 7-inch liner, allowing drilling to proceed toward the main reservoir after a roughly seven-day delay, with further updates to come as key milestones are reached.

The most recent analyst rating on (AU:TDO) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on 3D Oil Limited stock, see the AU:TDO Stock Forecast page.

3D Energi Director Noel Newell Increases Indirect Stake via Placement Participation
Dec 30, 2025

3D Energi Limited has disclosed a change in the interests of director Noel Newell, who has increased his indirect holding in the company through participation in a shareholder-approved placement. Newell, via associated entities, acquired 1,818,182 fully paid ordinary shares at $0.11 per share for a total of $200,000 and received 909,091 free attaching unlisted options exercisable at $0.18 and expiring on 24 December 2026, boosting his indirect shareholding and adding option exposure. The transaction, approved at the company’s November 2025 annual general meeting, underscores management’s financial alignment with shareholders and modestly strengthens insider ownership as the company progresses its capital-raising strategy.

3D Energi Hits Unexpected Gas at Otway Basin Charlemont-1 Well
Dec 28, 2025

3D Energi Limited has reported an operational update from the Charlemont-1 gas exploration well in the offshore Otway Basin, where drilling encountered significant gas shows in the Waarre C formation about 160 metres above the primary Waarre A target. Higher-than-expected pressures at a depth of 2,552 metres have led operator ConocoPhillips Australia to temporarily pause drilling while it reassesses and potentially redesigns the well plan to safely continue towards the main reservoir target, a development that could enhance the prospectivity of the permit but also introduces technical and scheduling uncertainties for the joint venture partners, including 3D Energi’s 20% stake.

3D Energi Issues New Shares as Charlemont‑1 Drilling Nears Key Milestone
Dec 24, 2025

3D Energi Limited has issued 105,389,611 new fully paid ordinary shares via placements to sophisticated and professional investors and through participation by Executive Chairman Noel Newell, at issue prices of $0.14 and $0.11 respectively, without a prospectus, in line with provisions of the Corporations Act. The company confirmed it remains compliant with its continuous disclosure and financial reporting obligations and noted that drilling is under way at the Charlemont‑1 exploration well, expected to reach total depth on 25 December 2025, a development that could be significant for its exploration program depending on whether gas-bearing intervals are encountered.

3D Energi Issues 909,091 Unlisted Options to Expand Capital Flexibility
Dec 24, 2025

3D Energi Limited has notified the market that it will issue 909,091 unlisted options as unquoted equity securities, effective 24 December 2025. The new options, which are not intended to be quoted on the ASX, modestly expand the company’s capital base and may provide additional incentive or funding flexibility for the company as it pursues its energy exploration and development strategy, with potential dilution implications for existing shareholders if exercised.

3D Energi Seeks ASX Quotation for 1.8 Million New Shares
Dec 23, 2025

3D Energi Limited has applied to the ASX for quotation of 1,818,182 new fully paid ordinary shares under its existing issuer code TDO. The issuance, tied to a previously announced transaction, modestly increases the company’s quoted share capital and may provide additional funding flexibility, though the release offers limited detail on the strategic use of proceeds or operational impact.

3D Energi Seeks ASX Quotation for Over 103 Million New Shares
Dec 23, 2025

3D Energi Limited has applied to the ASX for quotation of 103,571,429 new fully paid ordinary shares, with an issue date of 24 December 2025. The move, arising from previously announced transactions, will significantly expand the company’s quoted share base and may influence its capital structure, liquidity, and capacity to fund ongoing exploration and development activities, with potential implications for existing shareholders and the company’s positioning in the energy market.

3D Energi Limited Updates on Charlemont-1 Drilling Progress
Dec 17, 2025

3D Energi Limited has provided an operational update on its Charlemont-1 gas exploration well in the Otway Basin, Victoria. The well, which began drilling on 10 December 2025, is progressing smoothly and is expected to reach a total depth of 2830 meters in approximately 32.9 days. The company’s stake in this project is 20%, with ConocoPhillips Australia as the operator holding a 51% interest, and Korea National Oil Company holding the remaining 29%. The successful progress of this drilling operation could enhance 3D Energi’s position in the energy sector and potentially impact its market value.

3D Energi Limited Announces Proposed Securities Issue
Dec 15, 2025

3D Energi Limited has announced a proposed issue of securities, specifically 103,571,429 ordinary fully paid shares, as part of a placement. This move is aimed at raising capital and is scheduled for issuance on December 24, 2025. The announcement indicates a strategic effort by 3D Energi Limited to enhance its financial position and potentially expand its market operations, which could have significant implications for its stakeholders.

3D Energi Limited Secures $14.5 Million for Gas Exploration
Dec 15, 2025

3D Energi Limited has successfully secured $14.5 million through a placement supported by both domestic and international investors. The funds will be used for testing and drilling activities in the Otway Basin, specifically at the Essington-1 and Charlemont-1 wells, as well as for general working capital. This capital raise is part of a larger strategy to advance the company’s gas exploration program, which has been in development for over a decade, and aims to meet current and future energy needs in Australia.

3D Energi Limited Initiates Trading Halt for Capital Raising Announcement
Dec 11, 2025

3D Energi Limited has requested a trading halt on its securities pending an announcement related to capital raising. This move is intended to help the company manage its continuous disclosure obligations, with the trading halt expected to last until the announcement is made or normal trading resumes on December 16, 2025. The halt indicates a significant development in the company’s financial strategy, potentially impacting its market position and stakeholder interests.

3D Energi Limited Begins Drilling at Charlemont-1 Well in Otway Basin
Dec 11, 2025

3D Energi Limited has commenced drilling at the Charlemont-1 gas exploration well in the Otway Basin, Victoria, as part of the 2025 Otway Exploration Drilling Program. The well targets a significant prospective resource in the Waarre A reservoir, with an 81% chance of success supported by strong geophysical indicators. This initiative is part of a broader effort to bolster natural gas supply for Australia’s energy needs, with potential implications for the company’s market positioning and stakeholder interests.

3D Energi Announces Significant Gas Discovery at Essington-1
Dec 8, 2025

3D Energi Limited announced a significant gas discovery at the Essington-1 well, marking the first such find in the Otway Basin since 2021. This discovery extends the proven gas fairway into VIC/P79 and aligns with the company’s strategy to address looming gas supply shortfalls in Australia’s east coast market. The Essington-1 well, strategically located near existing infrastructure, shows promising results with low CO₂ content and high liquids content, potentially reducing future processing requirements. The company is also preparing to spud the Charlemont-1 well, targeting substantial resource growth with a high chance of success, further strengthening its position in the market.

3D Energi Limited Passes Key Resolutions at Annual General Meeting
Nov 28, 2025

3D Energi Limited, a company involved in the energy sector, held its Annual General Meeting on November 28, 2025, where several resolutions were passed. The meeting included the adoption of the remuneration report, election of a new director, ratification of prior share issues, approval of options and securities issuance, and a 10% placement facility. These resolutions indicate the company’s strategic moves to strengthen its governance and financial positioning, potentially impacting its market operations and stakeholder interests.

3D Energi Limited Confirms Gas Resource Estimates in Otway Basin
Nov 28, 2025

3D Energi Limited has released an update on its prospective gas resources in the Otway Basin, confirming that there are no material changes to previous estimates. The announcement underscores the company’s continued focus on exploring and developing significant gas prospects, which could impact its market positioning and stakeholder interests if successful.

3D Energi Confirms Gas Discovery at Essington-1
Nov 20, 2025

3D Energi Limited, operating in the energy sector, has confirmed a natural gas discovery at the Essington-1 exploration well in the offshore Otway Basin. This discovery was validated by successful recovery of gas samples from the Waarre C and Waarre A reservoirs, supported by drilling observations and preliminary petrophysical data. The company plans further testing to assess the commercial viability of the discovery, which could significantly impact its operations and stakeholder interests.

3D Energi Limited Announces Director Resignation
Nov 18, 2025

3D Energi Limited announced the resignation of Mr. Ian Tchacos as a Non-Executive Director, effective November 18, 2025. Mr. Tchacos, who joined the board in October 2016, has been acknowledged for his significant contributions and expertise, which have greatly benefited the company over his nine-year tenure. The departure of Mr. Tchacos may impact the company’s board dynamics, but the company expressed gratitude for his service and wished him well in his future endeavors.

3D Energi Limited Reports Promising Gas Discoveries in Otway Basin
Nov 17, 2025

3D Energi Limited has announced promising results from its Essington-1 gas exploration well in the offshore Otway Basin, Victoria. The well has intersected significant gas-bearing intervals in both the primary Waarre A and secondary Waarre C reservoirs, with wireline logs indicating the presence of moveable hydrocarbons. The company plans further testing to confirm the commercial viability of these findings, which could enhance its market position and provide substantial benefits to stakeholders.

3D Energi Limited Initiates Trading Halt Ahead of Drilling Update
Nov 13, 2025

3D Energi Limited has requested a trading halt on its securities pending an important announcement related to its drilling operations. This move is aimed at managing its continuous disclosure obligations and ensuring that the market is informed promptly. The trading halt is expected to be lifted by the commencement of normal trading on 18 November 2025, or upon the release of the anticipated announcement. This development indicates potential significant updates in the company’s operations, which could impact its market positioning and stakeholder interests.

3D Energi Limited Reports Progress on Essington-1 Gas Exploration Well
Nov 10, 2025

3D Energi Limited has provided an operational update on its Essington-1 gas exploration well in the Otway Basin, Victoria. The well, which began drilling on November 1, 2025, is progressing smoothly and safely, with no incidents reported. The company holds a 20% equity interest in the project, with partners ConocoPhillips Australia and Korea National Oil Company holding 51% and 29% respectively. The successful drilling of this well could potentially enhance 3D Energi’s market position in the oil and gas industry.

3D Energi Begins Drilling at Essington-1 in Otway Basin
Nov 2, 2025

3D Energi Limited has commenced drilling at the Essington-1 gas exploration well, marking the start of the Otway Exploration Drilling Program. The program targets significant natural gas reserves in the Waarre C and Waarre A reservoirs, with the potential to enhance Australia’s East Coast gas supply. The drilling operation is expected to last 32 days, and success could significantly impact the company’s resource base and contribute to meeting future energy needs.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jan 15, 2026