3D Oil Limited (AU:TDO) has released an update.
3D Energi Limited has secured a Right of First Refusal Deed with ConocoPhillips Australia for future gas production from their joint exploration permits in the Otway Basin, ensuring market parity pricing and first access to gas for ConocoPhillips. This agreement propels the joint venture’s strategy to swiftly commercialize potential discoveries and meet the urgent demand for gas on the Australian East Coast. The company is advancing its 2025 exploration drilling program with a contracted rig expected to arrive in early 2025, and is actively refining its commercialization strategy to optimize exploration and facilitate a faster route to market.
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