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3D Energi Limited (ASX:TDO)
ALERT: Price-sensitive ASX Announcement for TDO
Current share price for TDO : $0.080 -0.113 (-58.44%)+
Announcement
Release
20 Nov 2025 11:26AM
Price at Release
$0.193
Full Release
Summary
3D Energi Limited announced a confirmed natural gas discovery at the Essington-1 exploration well in the VIC/P79 exploration permit, offshore Otway Basin. The discovery is validated by recovered gas samples from the Waarre C and Waarre A reservoirs. Preliminary analysis indicates low CO2 concentrations in the gas samples. Further assessment of the commercial significance of this discovery will be conducted through planned Ora wireline formation testing. The company holds a 20% equity interest in the joint venture, with ConocoPhillips Australia as the operator holding 51%.
Key Points
- Natural gas discovery confirmed at the Essington-1 exploration well.
- Hydrocarbon presence validated in Waarre C and Waarre A reservoirs.
- Low CO2 concentrations in preliminary gas sample analysis.
- Further Ora wireline formation testing planned.
- 3D Energi Limited holds a 20% equity interest in the joint venture.
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.
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