3D Energi unveils strategic Otway Gas Development Plan

3D Energi Limited (ASX: TDO) has unveiled a conceptual Otway gas development strategy centred on drilling up to six exploration wells across T/49P and VIC/P79 permits during the upcoming Otway Exploration Drilling Program (OEDP). The company aims to accelerate commercialisation by leveraging different exploration maturities and priorities in operational areas. VIC/P79 South, with its low-risk prospects near existing infrastructure, is a key focus. The strategy explores well-carry transfer from T/49P to VIC/P79, potentially enabling faster commercialisation. TDO retains a 20% participating interest in both permits, operated by ConocoPhillips Australia. This approach aligns with the company's recent flexibility gains in nominating drilling targets, driven by economic factors, as it progresses from explorer to developer in the East Coast gas market.

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