Each one in plain English, with the numbers worked through for a shareholder.
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.
25 Jan 2022quarterly activities report● Neutral
December quarter: Sequoia processing is under way, with a preliminary fast-track volume expected in Q2 2022. WA-527-P gets a 12-month suspension, moving the Years 1-3 end to 28 December 2022. Sauropod multi-client survey planning with CGG continues; no new results.
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.
28 Oct 2021quarterly activities report● Neutral
September quarter: Sequoia survey began, with the T/49P environment plan accepted and the worst September swells in 20 years. VIC/P74 Oarfish upgraded to 544 Bcf. WA-527-P Sauropod now proposed as a CGG multi-client survey; vessel talks continue.
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.
29 July 2021quarterly activities report● Neutral
June quarter: Sequoia survey set to start in August pending regulatory approval of the environment plan. VIC/P74 shows extra gas potential in the Emperor Subgroup and extra oil closures. VIC/P57 got a 12-month term extension; WA-527-P vessel talks continue, with a new gazettal application lodged.
28 Apr 2021quarterly activities report▲ Good
March quarter: ConocoPhillips contracted the Geo Coral for Sequoia and the environment plan went to NOPSEMA. The T/49P Year 5 commitment got a 30-month suspension and extension to 21 August 2023. VIC/P74 resources were released; WA-527-P vessel talks continue.
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.
29 Jan 2021quarterly activities report● Neutral
December quarter: VIC/P74 interpretation identified the BigFin Lead (~20 km2 closure) and farm-in data rooms were held. ConocoPhillips is nearing submission of the T/49P Sequoia survey environment plan; WA-527-P seismic vessel negotiations continue.
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.
17 Nov 2020investor presentation● Neutral
AGM presentation repeating known facts: the ConocoPhillips farm-out, Hibiscus joining VIC/P74, and WA-527-P. It shows the T/49P seismic now planned for 3Q CY21, later than the 3Q 2020 earlier planned. No new information.
22 Oct 2020quarterly activities report● Neutral
September quarter: the T/49P seismic survey (Sequoia, formerly Dorrigo) is enlarged to about 2,840 km2 at no cost to 3D Oil, but delayed to the second half of 2021. VIC/P74 shows gas potential and farm-in interest, with data rooms being hosted.
16 Oct 2020annual report▲ Good
Published 2020 annual report with the Executive Chairman's letter calling it the company's most positive year, citing the ConocoPhillips T/49P farmout. It says the seismic survey is now planned for 2021 and drilling preparation for 2022. Repeats known facts.
9 Oct 2020farm in farm out completion▲ GoodMajor
NOPTA approved Hibiscus entering VIC/P74 on 8 October 2020. 3D Oil stays operator with 50%, completing the arrangement Hibiscus elected in October 2019. The 1,006 km2 permit's work programme is described as fully funded.
25 Sept 2020annual report● Neutral
Annual report for year to 30 June 2020. The operations review covers WA-527-P, with the Sauropod 3D survey (up to 3,447 km2) planned for January-April 2021 and the Santos-led Dorado development context. Financial statements are not shown in the excerpt.
