3D Oil Limited (TDO) AI Stock Analysis

• Market Cap: AU$89.12M
• Dividend Yield: N/A
• Average Volume (3M): 628.63K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.17
• Revenue Growth: N/A
• EPS Growth: 40.00%
• Country: AU
• Employees: N/A
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): >-0.01
• Shares Outstanding: 524,226,800
• 10 Day Avg. Volume: 1,339,237
• 30 Day Avg. Volume: 628,631
• PEG Ratio: 0.73
• Price to Book (P/B): 4.53
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -37.18
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: AU$0.18 ▲(25.00% Upside)

The score is held down primarily by weak financial performance—limited recurring revenue, ongoing losses, and persistent cash burn—despite a low-debt balance sheet. Technicals are a meaningful positive with the price above key moving averages and positive MACD, but valuation remains challenged due to negative earnings and no dividend data.

Positive Factors

Low leverage balance sheet

Very low debt reduces refinancing and solvency risk for a small upstream explorer, providing structural financial flexibility across multi-year exploration cycles. This lowers bankruptcy risk and increases ability to pursue farm-outs or wait for favorable funding windows without urgent deleveraging.

Monetization/farm-out model

A business model built on farm-outs, asset sales and JV arrangements lets the company de‑risk projects, conserve cash, and attract partner-funded drilling. Structurally this preserves optionality for juniors: success can be monetized while failures need not be fully funded by the company alone.

Asset portfolio in Australian basins

Holding both exploration permits and development/production interests in established Australian basins gives durable strategic value: assets are partnerable, located in a well-understood regulatory regime, and can convert to producing cash flow if appraisal/exploration succeeds.

Negative Factors

Persistent negative cash flow

Consistent negative operating and free cash flow means the company burns cash each year, forcing reliance on external funding or asset sales. Over months this undermines the ability to organically fund exploration programs and raises dilution or deal-timing risk for long-term project delivery.

Lack of recurring revenue

Most years with zero revenue and recurring losses show earnings are driven by isolated events rather than sustainable production. Without recurring hydrocarbon sales, the company remains exposed to binary exploration outcomes and must repeatedly monetize assets to fund operations.

Erosion of equity and negative ROE

Declining shareholders' equity and negative ROE reflect cumulative losses and capital erosion, weakening the balance sheet over time. This reduces capacity to self-fund projects, diminishes investor cushion against exploration setbacks, and increases dependence on external capital sources.

3D Oil Limited Business Overview & Revenue Model

Company Description

3D 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 Money

3D 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

The financial statements reveal significant challenges, particularly in revenue generation and profitability, amidst the backdrop of a volatile industry. While the company maintains a conservative leverage position, consistent negative cash flows and net income raise concerns about future financial stability and growth potential.

Income Statement

The company has shown significant revenue volatility with a complete drop in revenue in the most recent period compared to a previous peak. Negative EBIT and net income margins in the latest year indicate profitability challenges. The absence of revenue in the latest year and negative profit margins reflect operational difficulties.

Balance Sheet

The company maintains a low debt-to-equity ratio, indicating conservative leverage; however, consistent negative equity growth and net losses may pose long-term sustainability issues. The equity ratio remains high, providing some financial stability.

Cash Flow

Operating cash flow has been consistently negative, reflecting challenges in generating cash from operations. Free cash flow has deteriorated further, which could restrict future investment and growth opportunities. However, the company has managed financing activities to support cash flow.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	4.19M	0.00	0.00
Gross Profit	-85.17K	-85.17K	-93.06K	-119.74K	-121.28K	-118.14K
EBITDA	-1.42M	-1.39M	-2.07M	2.85M	-1.02M	-1.01M
Net Income	-1.48M	-1.48M	-2.17M	3.41M	-1.15M	-1.14M
Balance Sheet
Total Assets	10.01M	10.01M	11.53M	10.66M	7.90M	8.76M
Cash, Cash Equivalents and Short-Term Investments	812.53K	812.53K	3.25M	3.31M	1.34M	3.14M
Total Debt	0.00	0.00	96.27K	190.03K	266.04K	96.61K
Total Liabilities	462.05K	462.05K	661.69K	757.06K	1.42M	1.15M
Stockholders Equity	9.55M	9.55M	10.87M	9.91M	6.47M	7.61M
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	-1.67M	3.44M	-721.46K	-888.58K
Financing Cash Flow	-98.36K	-98.36K	3.00M	-76.01K	-86.67K	-91.13K

3D Oil Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.14
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TDO, the sentiment is Positive. The current price of 0.14 is below the 20-day moving average (MA) of 0.15, below the 50-day MA of 0.15, and above the 200-day MA of 0.13, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 52.93 is Neutral, neither overbought nor oversold. The STOCH value of 84.63 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:TDO.

3D Oil Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BRK	72 Outperform	AU$45.24M	9.65	4.81%	―	53.56%	-67.96%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
CTP	61 Neutral	AU$47.42M	6.06	21.06%	―	17.42%	-38.46%
TDO	50 Neutral	AU$89.12M	-37.78	-14.52%	―	―	40.00%
HYT	44 Neutral	AU$38.36M	-10.45	-13.99%	―	―	―
JPR	42 Neutral	AU$32.02M	-10.87	-171.19%	―	-7.70%	-253.33%
JGH	40 Underperform	AU$55.18M	-9.09	-28.51%	―	―	―

3D Oil Limited Corporate Events

3D Energi Sets Fully Virtual General Meeting and Shifts to Digital Shareholder Communications

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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.

3D Energi Initiates Drilling for Essington-1 Gas Exploration

3D Energi Limited has commenced the mobilisation of the Transocean Equinox drilling rig for the Essington-1 gas exploration well in the Otway Basin, marking a significant step in its strategy to enhance gas supply to Australia’s East Coast market. The Essington-1 well targets a combined prospective resource of 262 Bcf in the Waarre C and Waarre A reservoirs, with drilling operations expected to last approximately 32 days, potentially impacting the company’s market position and stakeholder interests by contributing to energy supply needs.

3D Energi Limited Announces Director Change

3D Energi Limited has announced the cessation of Trevor Slater as a director, effective October 24, 2025. The notice details Slater’s interests in the company, which include 1,449,938 fully paid ordinary shares. This change in directorship may impact the company’s governance and strategic direction, as directors play a crucial role in shaping corporate policies and decisions.

3D Energi Limited Announces Virtual AGM and Digital Communication Options

3D Energi Limited has announced that its Annual General Meeting (AGM) will be held virtually on November 28, 2025. The company has adapted to recent legislative changes by offering shareholders the option to receive communications electronically, including the Notice of Meeting and Annual Report. This move is aimed at improving accessibility and convenience for shareholders, allowing them to access meeting materials online or request physical copies if preferred. The shift to digital communication reflects the company’s commitment to modernizing its shareholder engagement and aligns with broader industry trends towards sustainability and efficiency.

3D Energi Limited Announces Director’s Interest Change

3D Energi Limited has announced a change in the director’s interest, specifically for Director Noel Newell. The changes involve the acquisition of fully paid ordinary shares both directly and indirectly, as well as the disposal of performance rights. This adjustment in shareholding reflects strategic financial decisions by the director, potentially impacting the company’s governance and shareholder structure.

3D Energi Limited Advances Exploration in Otway Basin

3D Energi Limited has provided an update on its exploration drilling program in the Otway Basin, highlighting the potential for significant gas resources. The company’s prospective resource estimates have been prepared using probabilistic methods and are reported in various categories, reflecting unrisked recoverable volumes. This announcement underscores 3D Energi’s commitment to advancing its exploration activities and enhancing its position in the energy market, potentially impacting stakeholders by increasing the company’s resource base and future production capabilities.

3D Energi Limited Issues New Shares to Directors

3D Energi Limited announced the issuance of 2,000,002 fully paid ordinary shares following the exercise of vested performance rights by its directors. This move, conducted without investor disclosure under certain provisions of the Corporations Act, reflects the company’s compliance with regulatory requirements and aims to enhance its operational capabilities.

Change in Substantial Holding for 3D Energi Limited

3D Energi Limited, listed on the ASX under the ticker TDO, has announced that Treasury Services Group Pty Ltd, acting as trustee for the Nero Resource Fund, has ceased to be a substantial holder in the company as of March 27, 2025. This change in substantial holding may impact the company’s shareholder structure and could influence voting dynamics in future company decisions.

3D Energi Limited Issues New Shares to Investors

3D Energi Limited, a company listed on the Australian Securities Exchange, has issued 83,363,636 fully paid ordinary shares at $0.11 per share to sophisticated and professional investors. This move, announced on October 6, 2025, aligns with the company’s compliance with relevant provisions of the Corporations Act, indicating a strategic effort to raise capital and potentially strengthen its market position.

3D Energi Secures Funding and Advances Otway Basin Exploration

3D Energi Limited announced the completion of a $9.4 million placement to fund its exploration campaign, specifically the drilling of the Essington-1 well in the Otway Basin. The company confirmed the locations for its Phase 1 exploration wells and commenced anchor pre-lay operations for the Transocean Equinox rig. The entry of Korea National Oil Corporation into the joint venture with ConocoPhillips strengthens the project’s technical and financial capabilities, positioning 3D Energi for a transformative phase in its operations.