Each one in plain English, with the numbers worked through for a shareholder.
3 Nov 2025drilling spud▲ GoodMajor
Essington-1 was spudded by ConocoPhillips at 3:15am on 1 November 2025, starting the Otway drilling program. It targets 262 Bcf gross mean (52 Bcf net to 3D Energi) in two reservoirs, taking about 32 days to 2650m. Charlemont-1 follows.
29 Oct 2025drilling scheduled● Neutral
The Transocean Equinox has started mobilising to Essington-1, with drilling due around 1 November 2025, earlier than the late-October estimate's slip risk suggested. The well targets 262 Bcf gross mean, over about 32 days to 2650m TVDSS. Known resource figures, new firm timing.
24 Oct 2025director officer appointment● Neutral
Non-executive director Trevor Slater resigned to focus on other commitments, and Jesse Meidl was appointed as a non-executive director. Meidl is an investment banker and former CFO with over 25 years of corporate finance experience in mining and energy.
20 Oct 2025investor presentation● Neutral
Barrenjoey gas forum presentation repeating known themes on the Otway drilling program. It shows 418.8m shares, 11.5c share price, $8.4m cash and no debt at 15 October 2025, reflecting the placement. No new announcements.
6 Oct 2025capital raising announcement● NeutralMajor
3D Energi raised $9.4M at 11c per share, a 26.7% discount to the last price, with one free 18c option for every two shares. It funds Essington-1 only; Charlemont-1 needs further funding beyond the roughly $12M carry. This addresses the earlier low-cash concern.
30 Sept 2025drilling progress report● Neutral
Anchor pre-lay work for the Transocean Equinox has started at Essington-1, with spud now expected mid-October 2025 and Charlemont-1 in November-December. All approvals are in place and the US$65M carry is unchanged. Timing is subject to weather.
26 Sept 2025other● Neutral
Appendix 4G corporate governance checklist lodged with the annual report, stating the governance statement is current at 26 September 2025 and available on the company website. Administrative filing with no new business substance.
26 Sept 2025annual report● Neutral
FY25 annual report, with the chairman's letter calling Essington-1 and Charlemont-1 the start of the Otway drilling program. It notes the rig has arrived and approvals are in place, and cites about 9 Tcf of gross prospects. Financial figures are not shown in the excerpt.
19 Sept 2025farm in farm out completion▲ GoodMajor
Korea National Oil Corporation has completed its farm-in, taking 29% of VIC/P79 and T/49P after NOPTA and FIRB approvals, cutting ConocoPhillips to 51% as operator. 3D Energi stays at 20% with the US$65M two-well carry unchanged. This resolves the pending KNOC approval thread.
4 Sept 2025admin correction● Neutral
The company re-released the 2 September forum presentation because the original omitted information required under ASX Listing Rules on prospective resources. The revised version adds that disclosure; there is no new substance.
2 Sept 2025investor presentation● Neutral
Euroz Hartleys forum presentation repeating known themes: Essington-1 in October and Charlemont-1 in Nov/Dec 2025, 14.5c share price, 333.4m shares. Cash was $0.7m at 28 August 2025, down from $1.24m, with no debt. No new announcements.
11 Aug 2025admin correction● Neutral
Re-release of the 11 August announcement adding a prospective resource table and the required ASX disclosure statement. The figures match the original: 355 Bcf gross mean, 71 Bcf net, no new information.
11 Aug 2025drilling scheduled● NeutralMajor
Essington-1 is now due to spud in October 2025, a slip from September, followed by Charlemont-1 later in 2025. The two wells target 355 Bcf mean gross (71 Bcf net), with chance of success of 68-81%. All NOPSEMA approvals are received, closing that thread.
4 July 2025investor presentation● Neutral
July 2025 investor presentation repeating known themes: 333.4m shares, 13.5c price, $45.0m market cap, $1.24m cash, no debt, ~A$100m carry. No new announcements. Cash is down from $2.4m at Sept 2024.
3 July 2025drilling scheduled▲ GoodMajor
Phase 1 wells confirmed as Essington-1 and Charlemont-1, dropping Charlemont-2. The Transocean Equinox is due at Essington-1 in September 2025, then Charlemont-1 later in the year. Carry stays up to US$65M. This resolves the well-location thread.
30 June 2025resource reserve update▲ GoodMajor
Updated prospective resources across VIC/P79 and T/49P: 51 prospects with 9.2 Tcf gross mean (20% net to 3D Energi). The Charlemont Cluster of seven prospects is high-graded at 1.014 Tcf gross mean. These are unrisked estimates for undrilled targets, replacing the earlier revision work.
16 June 2025drilling scheduled▲ GoodMajor
Three possible Phase 1 well locations in VIC/P79 were named: Essington-1, Charlemont-1 and Charlemont-2, with drilling sequence undecided. 3D Energi moved its US$30M carry from T/49P to a second VIC/P79 well, keeping the total US$65M carry for two wells. Drilling is due Q3 2025.
27 May 2025drilling progress report▲ Good
ConocoPhillips has finished the Otway seabed surveys over potential drilling locations, following the surveys begun in April. Final well locations and further approvals are still pending. Drilling is scheduled for the second half of 2025, with 3D Energi's US$65M carry covering the surveys.
16 May 2025farm in farm out agreement▲ GoodMajor
Korea National Oil Corporation will take a 29% interest in VIC/P79 and T/49P by farming down ConocoPhillips to 51%, subject to FIRB and other approvals. 3D Energi stays at 20% and the US$65M carry is unchanged. ConocoPhillips remains operator.
17 Apr 2025drilling progress report● Neutral
Seabed surveys began in VIC/P79, expected to take about four weeks, ahead of drilling. Survey costs fall within the US$65M ConocoPhillips carry. Final well locations are still not confirmed.
10 Apr 2025drilling scheduled▲ GoodMajor
The Transocean Equinox rig has arrived in the Otway Basin. Phase 1 drilling for the two carried wells (up to US$65M carry) is now scheduled for Q3 2025, with up to four optional wells in 2026-2028. Well locations are still unconfirmed.
6 Mar 2025half year report● Neutral
Half-year to 31 Dec 2024 report, mostly recapping known items: environment plan accepted, rig now expected in the Otway in Q2 2025, and VIC/P74 surrender consented. Sauropod farm-in marketing continues with no partner. Financial figures are not shown in the excerpt.
3 Mar 2025regulatory community update▲ GoodMajor
NOPSEMA accepted the Otway drilling environment plan, covering up to six wells in VIC/P79 and T/49P. This resolves the long-running approval thread. Phase 1 drilling is to start in 2025; well locations are still unconfirmed, and well safety approvals remain to be obtained.
28 Feb 2025other● Neutral
ASX paused trading in 3D Energi shares pending a further announcement. No reason is given in the notice itself.
13 Nov 2024price query● Neutral
ASX queried a rise in the share price from 7c to 9c and higher volume. The company said it knew of no undisclosed information and attributed the trading to external market factors, confirming it complies with disclosure rules.
24 Oct 2024investor presentation● Neutral
AGM presentation repeating known themes: 331.4m shares, 7.0c share price, about $23.2m market cap, $2.4m cash at Sept 2024, no debt, ~A$100m carry for two Otway wells, and 12 Tcf gross prospective resource. No new announcements.
9 Oct 2024contract award▲ Good
ConocoPhillips contracted three anchor handling tug supply vessels to support the Transocean Equinox rig for the 2025 Otway wells, covering two firm wells plus 120 optional days. Costs fall within the US$65m carry. Drilling still awaits regulatory approval.
2 Sept 2024investor presentation● Neutral
September 2024 conference presentation repeating known themes: two firm Otway wells in 2025, US$65m ConocoPhillips carry, 12 Tcf gross prospective resource, and Regia 3D seismic planned. No new announcements.
29 Aug 2024investor presentation● Neutral
Sets out a conceptual Otway development scenario: if successful, VIC/P79 South could become a hub connecting T/49P and VIC/P79 North finds, with the carry used for a second VIC/P79 well. Early planning concepts only, subject to economics and approvals; no new results.
28 Aug 2024annual report● Neutral
FY24 annual report, with chairman's letter framing the 2025 Otway drilling (up to six wells, first two carried up to US$65m) as a transformational opportunity. Financial statements are not shown in the excerpt provided; mostly recaps known activity.
