Elevator pitch for 3D Energi Limited TDO.ax
Elevator pitch for 3D Energi Limited
Market cap - 26.5 mill
Shares o/s - 331,473,557
Current price- ,08 - .084
Top 20 hold around 55% of share float
Australia needs natural gas - TDO has the potential to supply the East Coast.
High quality targets with 3D seismic - Otway Net prospective resources of ~2.1 Tcf
ConocoPhillips Australia funding 2 wells (65 million cost)- plus has deal in place for first right of refusal of gas sales
Otway basin has an 88% well success rate when 3D seismic is used
Environmental Plan Approved April 15th
Drill Rig contracted and will commence drilling early 2025
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