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3D Energi Limited (ASX:TDO)

ALERT: Price-sensitive ASX Announcement for TDO
Current share price for TDO : $0.080 -0.04 (-33.33%)+
Announcement
Release
3 Nov 2025 8:49AM
Price at Release
$0.120
Full Release
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Summary
3D Energi Limited announced the commencement of drilling at the Essington-1 gas exploration well, part of the Otway Exploration Drilling Program (OEDP), located in the VIC/P79 permit offshore Otway Basin, Victoria. The drilling began on 1 November 2025 by ConocoPhillips Australia using the Transocean Equinox rig. Essington-1 is the first of two wells in the initial phase aiming to find commercially viable natural gas reserves for Australia's East Coast market. The well targets a combined 262 Bcf gross mean prospective resource in the Waarre C and Waarre A reservoirs, with a high chance of success. The drilling is expected to complete in about 32 days. If successful, further evaluation will be conducted. 3D Energi has a 20% interest in the VIC/P79 permit.
Key Points
  • Drilling commenced at Essington-1 on 1 November 2025.
  • Essington-1 is part of Otway Exploration Drilling Program (OEDP).
  • Located in VIC/P79 offshore Otway Basin, Victoria.
  • Operated by ConocoPhillips Australia with Transocean Equinox rig.
  • Targets combined 262 Bcf gross mean prospective resource.
  • First of two wells in initial phase targeting East Coast gas supply.
  • 3D Energi holds a 20% interest in the permit.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.