The Company listed on the Australian Stock Exchange on 22nd May 2007.
3D Oil Limited acquired a 100% interest in the Gippsland Basin permit Vic/P57 in April, 2004, which contains the West Seahorse oil field as well as significant oil exploration opportunities.
The company has also acquired a 100% interest in the lightly explored Bass Basin permit T41-P.
The company trades under the code TDO.
See latest Investor Update (4.3MB PDF).
VIC/P57 Exploration Update The company focus to date has been unlocking the oil potential in VIC/P57 and the current portfolio contains the world-class Sealion and Felix prospects, both of which target oil. However the permit also contains the basin-margin gas play and is along trend from the Longtom gas discovery. A mapping study targeting the gas play has identified three leads and preliminary work supports the extension of this play across the permit. The cross-section below shows the similarities in trapping geometry with Longtom, where Emperor Subgroup reservoir sands in the hanging wall of the basin margin fault are sealed against footwall Strzelecki Group sediments. While the work is preliminary, early results are very encouraging and further detailed work is planned to mature the leads to the status of drillable prospects. |
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