3D Oil Limited (AU:TDO) has released an update.
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3D Energi Limited has reported significant progress in its gas exploration ventures, including a strategic agreement allowing flexibility in drilling locations within the Offshore Otway Basin, a Right of First Refusal Deed for gas sales, and the advancement of seismic studies to enhance resource estimates. The company, in collaboration with ConocoPhillips Australia, is poised to expedite the development of new gas supplies to address the east coast market’s looming shortages, as highlighted by recent warnings from the Australian Energy Market Operator and the ACCC.
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