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3D Energi Limited (ASX:TDO)

ALERT: Price-sensitive ASX Announcement for TDO
Current share price for TDO : $0.080 -0.035 (-30.43%)+
Announcement
Release
17 Nov 2025 10:38AM
Price at Release
$0.115
Full Release
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Summary
3D Energi Limited announced that their Essington-1 exploration well in the Otway Basin, Victoria, has encountered two significant gas-bearing intervals in the Waarre C and Waarre A reservoirs. The Waarre A reservoir has a gross gas-bearing interval of 62.6 metres with 58.5 metres of net pay, while the Waarre C has a gross interval of 33.2 metres with 31.5 metres of net pay. Both reservoirs demonstrated elevated gas readings, supported by logging data indicating probable hydrocarbon presence. The company plans to conduct further testing using the Ora wireline formation testing platform to confirm reservoir mobility and hydrocarbon composition. This testing will assist in assessing the commercial viability of the discovery. 3D Energi holds a 20% equity interest in the project, with ConocoPhillips Australia as the operator holding 51%, and Korea National Oil Company holding 29%.
Key Points
  • Essington-1 intersects gas-bearing intervals in Waarre C and Waarre A reservoirs.
  • Waarre A reservoir has a gross interval of 62.6 metres with 58.5 metres of net pay.
  • Waarre C reservoir has a gross interval of 33.2 metres with 31.5 metres of net pay.
  • Elevated gas readings were observed, indicating probable hydrocarbon presence.
  • Ora wireline formation testing to confirm reservoir mobility and hydrocarbon composition.
  • 3D Energi holds 20% equity interest, with ConocoPhillips Australia as the operator.
  • Testing results will determine the commercial significance of the gas discovery.
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.