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3D Energi Limited (ASX:TDO)

ALERT: Price-sensitive ASX Announcement for TDO
Current share price for TDO : $0.080 -0.075 (-48.39%)+
Announcement
Release
14 Jan 2026 11:07AM
Price at Release
$0.155
Full Release
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Summary
3D Energi Limited announced a gas discovery at the Charlemont-1 exploration well in the Otway Basin, Victoria. This discovery, part of the Otway Exploration Drilling Program, confirms the presence of hydrocarbons in the Waarre C sandstone, with preliminary analysis showing a CO2 concentration of 16 Mol%. The Charlemont-1 well has validated the Charlemont Trend by confirming gas presence at both ends, de-risking other prospects with similar seismic features. This finding is significant for the Charlemont Cluster's potential, marking Charlemont-1 as the second successful gas discovery in the program. The exploration well will now be plugged and abandoned, and further evaluation will determine subsequent exploration phases.
Key Points
  • Charlemont-1 confirms unanticipated gas discovery in Waarre C sandstones.
  • Preliminary evaluation indicates probable hydrocarbons in Waarre A sandstone.
  • Gas sample from Waarre C shows a CO2 concentration of 16 Mol%.
  • Charlemont-1 validates gas charge along Charlemont Trend, enhancing prospectivity.
  • The exploration program highlights a successful strategy in the Otway Basin.
  • Phase 1 of the Otway Exploration Drilling Program concludes with Charlemont-1 being plugged and abandoned.
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.