Could 3D Energis Latest Gas Find Trigger a Major Energy Breakthrough?
Source: Kapitales Research
Highlights:
3D Energi Limited (ASX: TDO) jumped 13% after early drilling results at the Charlemont-1 well pointed to a potentially significant gas find in the Otway Basin.
Partner ConocoPhillips flagged probable gas across multiple reservoir zones, sparking optimism about one of the basin’s largest gas clusters.
Executive chairman Noel Newell said he was “incredibly excited” as investors reacted to the early signs of commercial potential
Shares Rally as Early Drilling Signals Promising Gas Presence
3D Energi Limited (ASX: TDO), the Australian oil and gas explorer, saw its stock jump around 13 per cent after reporting encouraging early results from the Charlemont-1 exploration well in the Otway Basin off western Victoria, where partner ConocoPhillips Australia has been drilling. At the time of writing, these preliminary findings suggest gas may be present at multiple reservoir levels, a development that could mark one of the most significant gas discoveries in the basin in recent years. Executive chairman Noel Newell said he was “incredibly excited” by the initial indicators, though he stressed further evaluation will be needed to fully define the size and quality of the resource.
What the Early Data Shows
Initial logging from Charlemont-1 pointed to probable gas presence across several stacked sandstone reservoirs in the offshore permit, despite drilling being paused early due to higher-than-expected pressures. These elevated gas readings and resistivity measurements have sparked optimism among investors about the well’s potential. 3D Energi holds a 20 per cent interest in the VIC/P79 joint venture, with ConocoPhillips Australia operating the drilling campaign and owning a majority stake, and Korea National Oil Company holding the remaining interest.
Wider Industry Buzz
This isn’t the first encouraging signal from the Otway Basin in recent months — a nearby well earlier reported gas shows that were considered promising enough to warrant follow-up drilling. These successive indicators have built broader attention on the region’s potential to help relieve gas supply pressure on Australia’s east coast.
What Comes Next
While the latest findings are preliminary and more technical work lies ahead, the market reaction reflects growing excitement about what could emerge from the Charlemont trend. At the time of writing, shares remained elevated on optimism that further evaluation may confirm a larger cluster of commercially viable gas deposits, which would be a major milestone for 3D Energi and its partners.
Disclaimer for Kapitales Research
The materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
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Could 3D Energis Latest Gas Find Trigger a Major Energy Breakthrough?
Highlights:
Shares Rally as Early Drilling Signals Promising Gas Presence
3D Energi Limited (ASX: TDO), the Australian oil and gas explorer, saw its stock jump around 13 per cent after reporting encouraging early results from the Charlemont-1 exploration well in the Otway Basin off western Victoria, where partner ConocoPhillips Australia has been drilling. At the time of writing, these preliminary findings suggest gas may be present at multiple reservoir levels, a development that could mark one of the most significant gas discoveries in the basin in recent years. Executive chairman Noel Newell said he was “incredibly excited” by the initial indicators, though he stressed further evaluation will be needed to fully define the size and quality of the resource.
What the Early Data Shows
Initial logging from Charlemont-1 pointed to probable gas presence across several stacked sandstone reservoirs in the offshore permit, despite drilling being paused early due to higher-than-expected pressures. These elevated gas readings and resistivity measurements have sparked optimism among investors about the well’s potential. 3D Energi holds a 20 per cent interest in the VIC/P79 joint venture, with ConocoPhillips Australia operating the drilling campaign and owning a majority stake, and Korea National Oil Company holding the remaining interest.
Wider Industry Buzz
This isn’t the first encouraging signal from the Otway Basin in recent months — a nearby well earlier reported gas shows that were considered promising enough to warrant follow-up drilling. These successive indicators have built broader attention on the region’s potential to help relieve gas supply pressure on Australia’s east coast.
What Comes Next
While the latest findings are preliminary and more technical work lies ahead, the market reaction reflects growing excitement about what could emerge from the Charlemont trend. At the time of writing, shares remained elevated on optimism that further evaluation may confirm a larger cluster of commercially viable gas deposits, which would be a major milestone for 3D Energi and its partners.
Disclaimer for Kapitales Research
The materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au