InvestSMART

3D Energi Limited (ASX:TDO)

ALERT: Price-sensitive ASX Announcement for TDO
Current share price for TDO : $0.080 -0.08 (-50%)+
Release
7 Jan 2026 11:08AM
Price at Release
$0.160
Full Release
download
Summary
3D Energi Limited announced that the Charlemont-1 gas exploration well, part of the VIC/P79 permit offshore Otway Basin, Victoria, has encountered probable gas presence in the Waarre C, B, and A sandstones. Drilling operations, which began on 10 December 2025, were halted after intersecting higher-than-anticipated formation pressures at 2753m MDKB, leading to considerations for further wireline logging to assess hydrocarbon presence. The company holds a 20% equity stake in the project, aiming to evaluate the extent of hydrocarbons and their potential connectivity.
Key Points
  • Charlemont-1 well was spud on 10 December 2025.
  • Probable gas presence in Waarre C, B, and A sandstones.
  • Elevated gas readings and log resistivity suggest hydrocarbons.
  • Drilling stopped at 2753m MDKB due to higher-than-anticipated pressures.
  • Further wireline logging operations are being evaluated.
  • The exploration is part of the VIC/P79 exploration permit.
  • 3D Energi Limited holds a 20% equity interest in the project.
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.