3D Energi's (ASX:TDO) upcoming two-well drilling programs have a combined risked value of AU$104 million, according to a Friday note by Euroz Hartleys.
According to the note, the Essington-1 well is valued at about AU$75 million based on TDO's 20% share, a 72% chance of success, and a gas value of AU$2 per gigajoule and the Charlemont-1 well is valued at about AU$29 million based on a 19 billion cubic feet net resource, an 81% chance of success, and the same gas price.
Euroz Hartleys has maintained a speculative buy rating on Jupiter Mines with a price target of AU$0.24.
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