Each one in plain English, with the numbers worked through for a shareholder.
3 Feb 2023drilling scheduled▲ GoodMajor
ConocoPhillips is preparing an environment plan for up to six wells across VIC/P79 and T/49P, with two firm wells planned late 2024/2025 subject to rig availability. 3D Oil holds 20% of both and is carried about US$65m across one well in each permit.
10 Nov 2022investor presentation● Neutral
AGM presentation pitching 3D Oil as a gas-focused small explorer with two carried Otway wells (~A$104m forward funding at 1.61 exchange rate), no debt, 265.2m shares and about A$3m raised since 2008. Largely repeats known facts.
21 Oct 2022farm in farm out agreement▲ Good
A joint operating agreement for VIC/P79 is signed with ConocoPhillips Australia, meeting a key condition of the July farmout. 3D Oil gets US$3m and keeps 20%, carried for the first US$35m of the well. Completion awaits government approval.
10 Oct 2022annual report▲ Good
Second version of the 2022 annual report, with the Chairman's letter. Cites about A$4.6m cash received from farmouts and two funded Otway wells, up to US$65m of carry. Notes Hibiscus's withdrawal from VIC/P74 leaves 3D Oil with more equity there.
30 Sept 2022other● Neutral
Appendix 4G and corporate governance statement lodged with the annual report, saying the governance statement is current at 30 September 2022. Administrative filing with no new information on assets.
30 Sept 2022annual report● Neutral
Annual report for year to 30 June 2022. The excerpt covers the operations review, mostly restating WA-527-P and the Pavo-1 discovery (46m net pay) as supporting its prospectivity. Financial statements are not shown in the excerpt.
2 Sept 2022asset acquisition disposition● NeutralMajor
3D Oil is awarded gas storage licence GSEL 759 (1.02 km2) over the depleted Caroline CO2 field in onshore South Australia. It will study storage of hydrogen, gas or CO2. The company describes it as a small first step in a broader energy strategy, a move beyond pure exploration.
1 July 2022farm in farm out agreement▲ GoodMajor
3D Oil farms out 80% of VIC/P79 and operatorship to ConocoPhillips Australia for US$3m (~A$4.35m) upfront, keeping 20%. It is carried for the first US$35m of well costs, with a well due by February 2025. Subject to a joint operating agreement and approvals.
8 June 2022resource reserve update▲ GoodMajor
Two new VIC/P79 gas leads, Defiance (32.5 Bcf) and Trident (37.2 Bcf), are added beside the La Bella discovery, totalling 69.7 Bcf best estimate in-permit. They sit alongside the Vanguard prospect (161 Bcf), which was unchanged from the February award.
25 Mar 2022investor presentation● Neutral
Announces and attaches a ShareCafe 'Hidden Gems' webinar presentation by Noel Newell on 25 March 2022. States cash of A$2.1m and no debt at 31 December 2021, market cap A$18.8m at A$0.071. Mostly repeats known facts.
24 Mar 2022regulatory community update▲ GoodMajor
3D Oil says the Santos/Carnarvon Pavo-1 light oil discovery, with 46m net pay, upgrades the same play in its 100%-owned WA-527-P next door. It argues Pavo de-risks source and seal there. It is a neighbour's discovery, not a result on 3D Oil's own permit.
16 Mar 2022half year report● Neutral
Half-year report to 31 December 2021 largely restates known activity: Sequoia survey completed (~1,700 km2), processing under way, Sauropod survey planning, and the Oarfish 544 Bcf upgrade. Financial statements are not shown in the excerpt.
4 Feb 2022asset acquisition disposition▲ GoodMajor
3D Oil was awarded the 2,576 km2 VIC/P79 permit in the Otway Basin, containing the Vanguard gas prospect at 161 Bcf best estimate. The work program includes one exploration well in Year 3. A new Otway asset beyond T/49P, adding drilling commitments.
15 Nov 2021investor presentation● Neutral
AGM presentation restating the portfolio: T/49P carried by ConocoPhillips after the roughly 1,700 km2 Sequoia survey, VIC/P74 with Hibiscus, and WA-527-P in advanced farm-out talks. Cites about 11.9 TCF and 480 MMbbl best-estimate prospective resources. Largely repeats known facts.
11 Nov 2021other● Neutral
Statutory notice on JobKeeper payments: 3D Oil received $12,000 in FY2020 and $17,400 in FY2021 for two individuals each year, and made no voluntary repayments. Administrative disclosure with no bearing on assets.
3 Nov 2021drilling result▲ GoodMajor
Sequoia survey finished on 31 October 2021, covering about 1,700 km2, below the approved 2,450 km2 because of weather. All pre-existing leads were covered and ConocoPhillips' 1,580 km2 minimum commitment is met. Processing and a possible drilling decision come next; 3D Oil paid nothing.
29 Oct 2021director officer appointment● Neutral
Trevor Slater joins as non-executive director from the end of the 15 November 2021 AGM, bringing 30 years of resource experience. Joint company secretary Melanie Leydin steps down; Stefan Ross continues as sole secretary and her firm Leydin Freyer still provides services.
15 Oct 2021drilling progress report● Neutral
Sequoia survey in T/49P had acquired about 1,790 line km by 13 October 2021, with weather slowing work. The most prospective areas are being prioritised before the permit's end-October window closes. 3D Oil pays nothing; carried up to US$30m on any well.
14 Oct 2021annual report● Neutral
2021 annual report with the Executive Chairman's letter. Says Sequoia seismic is under way in T/49P, with 3D Oil carried for the first US$30m of any well, and that a WA-527-P 3D survey is planned for early 2022, preferably with a partner. Financials not shown in the excerpt.
7 Oct 2021resource reserve update▲ GoodMajor
3D Oil upgraded VIC/P74 gas estimates after adding Emperor Subgroup volumes. Oarfish rose to 544 Bcf from 338 Bcf, now the largest lead, and Megatooth to 465 Bcf from 204 Bcf, giving an arithmetic best-estimate total of 1,855 Bcf. Farm-out talks continue.
24 Sept 2021annual report▼ Bad
Annual report for year to 30 June 2021. Notes 3D Oil missed the January-April 2021 Sauropod survey window on WA-527-P because of protracted vessel negotiations; the environment plan is being updated for the next window. Financial statements are not shown in the excerpt.
24 Sept 2021other● Neutral
Appendix 4G and corporate governance statement lodged with the 2021 annual report, current to 23 September 2021. Administrative compliance filing with no new information on assets or finances.
27 Aug 2021drilling progress report▲ GoodMajor
Sequoia 3D seismic acquisition in T/49P began on 27 August 2021, covering about 2,500 km2 over roughly 60 days. 3D Oil holds 20% and pays nothing; ConocoPhillips may later elect to drill, carrying 3D Oil for up to US$30m.
11 Aug 2021drilling scheduled▲ Good
ConocoPhillips will shortly start the Sequoia 3D seismic survey in T/49P using the Geo Coral, now about 2,500 km2 over roughly 60 days. This follows NOPSEMA's acceptance of the environment plan. 3D Oil pays nothing under the farm-out.
16 Apr 2021other● Neutral
Invitation to a Broker Briefing investor webinar on 21 April 2021, presented by Noel Newell. Administrative notice with no new information on assets or finances.
19 Mar 2021investor presentation● Neutral
Investor presentation repeating known facts on the ConocoPhillips farm-out, VIC/P74 and WA-527-P. It states cash of A$3.6m and no debt at 31 December 2020, 265.2m shares, and a market cap of A$15.9m at A$0.06. Little new beyond the cash figure.
16 Mar 2021half year report● Neutral
Half-year report to 31 December 2020 restates known activity: Sequoia survey enlarged to 2,840 km2 with the environment plan submitted in February 2021, WA-527-P vessel talks continuing, and VIC/P74 leads totalling 370 MMboe. Financial figures are not shown in the excerpt.
1 Mar 2021contract award▲ GoodMajor
ConocoPhillips, as T/49P operator, contracted the Geo Coral vessel for the Sequoia 3D seismic survey, about 2,700 km2 over roughly 60 days from August to October 2021. 3D Oil pays nothing under the farm-out. Firms up the previously planned 2H 2021 survey.
16 Feb 2021resource reserve update▲ GoodMajor
New VIC/P74 prospective resource estimate: four gas leads totalling 370 MMboe best estimate. The largest, Bigfin, holds 502 Bcf gas and 19 MMbbl condensate near Kingfish. Builds on the earlier CGG seismic reprocessing and the BigFin lead flagged in January; these are undrilled leads, not discoveries.
18 Nov 2020admin correction● Neutral
Lodged the amended Constitution approved by shareholders at the 17 November 2020 AGM, as required by Listing Rule 15.4.2. The excerpt does not show what changed.
