Each one in plain English, with the numbers worked through for a shareholder.
24 Oct 2023quarterly activities report● Neutral
September quarter: La Bella reprocessing nearing completion (Q4 2023) and Sequoia interpretation continues. Otway seabed surveys pushed from 1 January to no earlier than 1 April 2024. Sauropod environment plan went out for public comment. VIC/P74 variation still awaits NOPTA.
28 Sept 2023annual report● Neutral
2023 annual report (year to 30 June 2023). The chairman's letter says the Otway joint venture with ConocoPhillips is the main strategy, with the carry on the first two wells about US$65m and the rig expected next year. Financial figures not shown in the excerpt.
28 Sept 2023admin correction● Neutral
Appendix 4G and corporate governance statement for the year to 30 June 2023, confirming the statement is on the company website and approved by the board. Administrative filing with no new substance.
3 Aug 2023investor presentation● Neutral
August 2023 investor presentation restating known facts: ConocoPhillips carries 3D Oil across two wells (US$35m firm plus US$30m optional, about A$100m), Transocean Equinox rig awarded, market cap about A$14m at 5.3 cents, nil debt. Gross prospective gas exceeds 12 Tcf; no new results.
24 July 2023quarterly activities report● Neutral
June quarter: Transocean Equinox contracted for two firm Otway wells in 2025, and Sequoia 3D processing completed. La Bella reprocessing continues. Sauropod stakeholder consultation underway; VIC/P74 variation still awaiting NOPTA decision; Caroline study continues. Mostly repeats earlier announcements.
12 July 2023contract award▲ GoodMajor
ConocoPhillips issued a Letter of Award for the Transocean Equinox rig to drill two firm Otway wells, plus 120 optional days. The rig is expected in Q1 2025. 3D Oil holds 20% and is carried on both wells, up to about US$65m.
27 June 2023resource reserve update▲ GoodMajor
Sequoia 3D processing in T/49P is complete (1,782 km2), later and harder than first expected, with Flanagan reprocessing merged in. Interpretation to rank gas prospects for drilling has begun. This resolves the long-awaited final volume; the company cites about 10 Tcf gross prospective resources, an earlier estimate.
19 June 2023auditor change● Neutral
RSM Australia replaces Grant Thornton as auditor after Grant Thornton resigned with ASIC consent. The company says it followed an audit tender considering tenure, experience and cost. Shareholders vote at the next AGM.
30 May 2023drilling scheduled● Neutral
ConocoPhillips began preparing an environment plan for up to six wells in VIC/P79 and T/49P, with submission to NOPSEMA planned Q3 2023. A seabed survey could start from January 2024. Drilling depends on approvals and rig availability. Largely restates the February plan.
17 Apr 2023quarterly activities report● Neutral
March quarter: VIC/P79 farmout completed with US$3m received, and Essington upgraded to 246 Bcf. Planning started for two wells in late 2024/2025, with up to US$65m carry. Sequoia final volume now Q2 2023 (previously Q1). Sauropod survey delayed by new consultation rules.
20 Mar 2023listing compliance notice● Neutral
ASX says the suspension will be lifted immediately once the half-year report is lodged, resolving the 17 March suspension.
17 Mar 2023listing compliance notice▼ BadMajor
ASX suspended 3D Oil's shares from quotation for not lodging its periodic report by the due date. Normally lifted once the report is lodged.
17 Mar 2023half year report● Neutral
Half-year report to 31 December 2022, lodged late (the cause of the 17 March suspension). Confirms the VIC/P79 farmout completed and US$3m (about A$4.48m) received on 17 March 2023. WA-527-P work program suspension and extension applied for 1 December 2022. Financials not shown in the excerpt.
16 Mar 2023farm in farm out completion▲ GoodMajor
NOPTA approved transfer of 80% of VIC/P79 and operatorship to ConocoPhillips, completing the farmout pending since July 2022. 3D Oil keeps 20%, receives US$3m and is carried for up to US$35m on one well due by February 2025.
8 Mar 2023resource reserve update▲ GoodMajor
VIC/P79 resource upgrade: Essington (formerly Vanguard) best estimate rises from 161 Bcf to 246 Bcf. Six near-field La Bella leads add a combined 533 Bcf best estimate. La Bella 3D reprocessing has started, taking 8-10 months.
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.
25 Jan 2023quarterly activities report● Neutral
December quarter: VIC/P79 farmout JOA with ConocoPhillips signed, awaiting regulatory approval for US$3m and a carry of the first US$35m of well costs. Sequoia final volume due Q1 2023. Sauropod survey needs wider stakeholder consultation under new NOPSEMA guidelines.
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.
28 Oct 2022quarterly activities report▲ Good
September quarter: VIC/P79 joint operating agreement signed, completion pending approval. Sequoia Phase 2 processing gives better imaging, with the final volume expected Q1 2023. Hibiscus has exited VIC/P74, so 3D Oil holds 100%. Sauropod environment plan submitted; Caroline gas storage study begun.
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.
21 Sept 2022agm notice● Neutral
Notice that the AGM will be held on 10 November 2022, with director nominations closing 29 September 2022. Administrative only.
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.
29 July 2022quarterly activities report● Neutral
June quarter: VIC/P79 farmout to ConocoPhillips announced; Sequoia preliminary fast-track volume due in July. Missed the 2022 vessel window for the WA-527-P Sauropod survey because of a delayed environment plan. Hibiscus (Carnarvon Hibiscus) seeks to exit VIC/P74; VIC/P57 surrender application lodged.
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.
29 Apr 2022quarterly activities report● Neutral
March quarter: Sequoia 3D processing in T/49P continues, with the final volume to help rank gas targets. Newly won VIC/P79 has new strong-amplitude targets and early farm-in talks. Neighbour Pavo and Apus-1 results are said to upgrade WA-527-P. VIC/P57 joint venture applied to surrender the permit.
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.
