28 Feb 2025other● Neutral
ASX paused trading in 3D Energi shares pending a further announcement. No reason is given in the notice itself.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
28 Jan 2025quarterly activities report● Neutral
December quarter: NOPTA consented to surrender of VIC/P74, closing that thread. The Otway drilling plan was revised and resubmitted to NOPSEMA after a request for further information. Rig still expected in Otway in Q1 2025; final well locations not yet chosen.
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.
21 Oct 2024quarterly activities report● Neutral
September quarter: recaps contracting of wellheads, conductors and casing, and the conceptual Otway gas strategy (up to six wells). The Otway drilling plan is still under NOPSEMA assessment, Phase 1 well locations are undecided, and the rig is expected in Q1 2025. Mostly known items.
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.
28 Aug 2024other● Neutral
Appendix 4G corporate governance checklist accompanying the annual report, with the governance statement on the company website. Administrative filing with no operational or financial substance.
26 Aug 2024asset acquisition disposition● NeutralMajor
3D Energi applied to NOPTA to surrender its 100% VIC/P74 Gippsland permit, after studies found risks in the Bigfin prospect (earlier 502 Bcf best estimate). No further commitments; surrender likely concluded by end-2024. Resources shift to the Otway drilling. This replaces the earlier plan to seek a farm-out.
25 July 2024quarterly activities report● Neutral
June quarter: recaps the carry transfer between T/49P and VIC/P79, the ConocoPhillips gas sales deed, and the Transocean Equinox mobilising to Australia. VIC/P79 seismic interpretation is complete and revised resource estimates are underway. Sauropod funding partner still being sought. Mostly known items.
10 July 2024contract award▲ Good
ConocoPhillips contracted subsea wellheads, conductor pipes, casing and liners for the 2025 Otway drilling. These count against 3D Energi's US$65m carry for two firm wells. Well locations are still unconfirmed pending 3D seismic interpretation.
24 June 2024farm in farm out agreement▲ GoodMajor
Farmout agreements with ConocoPhillips were amended so the US$30m T/49P well carry can be used in either T/49P or VIC/P79. Total carry stays US$65m, with 20% retained in both permits and no extra cost. Well locations are not yet chosen.
24 June 2024material agreement▲ GoodMajor
3D Energi signed a gas sales Right of First Refusal Deed with ConocoPhillips covering its 20% share of any future gas from VIC/P79 and T/49P. ConocoPhillips gets first access; the deed is meant to let 3D Energi capture market-parity pricing. No gas found yet.
23 Apr 2024quarterly activities report● Neutral
March quarter: $3.3m placement completed, Transocean Equinox mobilised to Australia, Monarch (316 Bcf) identified, and Sauropod environment plan and WA-527-P extension approved. Otway drilling plan remains under NOPSEMA assessment. Mostly recaps earlier announcements.
15 Apr 2024regulatory community update▲ GoodMajor
NOPSEMA approved the two-year environment plan for the Sauropod 3D survey in WA-527-P, covering up to 3,447 km2. Acquisition is possible in January to May of 2024 or 2025. The company is still in talks with farm-in parties; none signed.
3 Apr 2024drilling scheduled● Neutral
The Transocean Equinox rig has left Singapore for Australia, first for a five-well Northwest Shelf contract. It is still expected in the Otway in Q1 2025, subject to approvals and rig availability. Confirms the existing schedule rather than changing it.
2 Apr 2024investor presentation● Neutral
April 2024 corporate presentation repeating known points: two carried Otway wells capped at US$65m, drilling in 2025, Monarch at 316 Bcf lifting the VIC/P79 total to 849 Bcf. No new announcements.
19 Mar 2024regulatory community update▲ GoodMajor
NOPTA approved a two-year suspension and extension of WA-527-P (100% owned). The deadline to acquire the Sauropod 3D survey is now 28 December 2025, and the permit term ends 28 December 2028. The company is still seeking a farm-in partner; none signed.
6 Mar 2024half year report● Neutral
Half-year report to 31 December 2023 mainly recaps known activity: Otway environment plan lodged, La Bella reprocessing done, T/49P extension approved, Sauropod plan under assessment. Financial statements are not shown in the excerpt provided.
20 Feb 2024capital raising announcement● NeutralMajor
Placement raising $3.3m at 5 cents per share, issuing 66.1m new shares, a 5.66% discount to the last close. Funds go to Otway exploration work and working capital. First raising since the 2018 one at 11.5 cents.
What it means for a shareholder
66.1m new shares at about A$0.0499 to raise about A$3.3m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
19 Feb 2024investor presentation● Neutral
February 2024 presentation restating known themes: over 12 Tcf gross prospective gas, ConocoPhillips carry up to about $100m, nil debt, 265.4m shares. Cash was $1.5m at December 2023, down from about $3.2m at June 2023. No new results.
12 Feb 2024resource reserve update▲ GoodMajor
Reprocessed seismic shows a possible gas-water contact (flat spot) at the Monarch prospect in VIC/P79. Best-estimate prospective resource is 316 Bcf gross, now the largest undrilled prospect in the permit, with a 47% chance of success. 3D Energi holds 20%.
7 Feb 2024other● Neutral
3D Energi launched a new website after the name change. Administrative notice with no operational or financial substance.
31 Jan 2024resource reserve update▲ Good
Reprocessing of about 1,135 km2 of La Bella 3D seismic in VIC/P79 is complete, with markedly clearer images of the Rosetta and Monarch targets. This resolves the earlier imaging problem over Monarch. No new resource numbers; 3D Energi keeps 20%.
19 Jan 2024quarterly activities report▲ Good
December quarter: the Otway environment plan went to NOPSEMA for public comment (closed 18 December), La Bella reprocessing finished, and T/49P suspension and extension was approved. VIC/P74 year 4 variation received. Sauropod environment plan is now under assessment. Seabed surveys no earlier than 1 April 2024.
30 Nov 2023security holder rights change● NeutralMajor
Following shareholder approval at the 24 November AGM, 3D Oil Limited became 3D Energi Limited from 30 November 2023. The ASX code stays TDO. An amended constitution was also approved and lodged.
24 Nov 2023investor presentation● Neutral
AGM presentation repeating earlier themes: cash about A$3.2m (June 2023), nil debt, 265.4m shares, two wells funded by ConocoPhillips carry. Nothing new announced.
20 Nov 2023investor presentation● Neutral
Presentation on WA-527-P (100% owned) restating known prospectivity: 349 MMbbl best-estimate across three leads, near the Dorado discovery. The company says it is in talks with potential partners to fund the Sauropod 3D survey, now planned for 2024/2025. No farm-out signed.