3D Energi Limited (the 锟紺ompany锟�; ASX:TDO) is pleased to provide the following update on drilling operations
at the Charlemont-1 gas exploration well within VIC/P79 exploration permit, offshore Otway Basin, Victoria.
The Charlemont-1 well was spud at 7:15pm AEST on 10 December 2025 by the Transocean Equinox.
Operations Status
As reported on Monday 29th December, the Charlemont -1 well intersected significant gas shows
approximately 160 meters above the primary target (Waarre A) in the Waarre C (Table 1 and 21
). Further, at
2,552 meters, pressures were higher than anticipated and drilling was temporarily paused to assess potential
adjustments to the well design, including options to continue to drill to the primary target.
The well design now incorporates a 7锟� liner to enable drilling through the target reservoir (Waarre A) which
has now been successfully run. Drilling is anticipated to recommence over the weekend following a delay of
approximately seven days.
Further updates will be provided as drilling progresses through key operational milestones.
Equity interest
3D Energi Limited 20%
ConocoPhillips Australia (Operator) 51%
Korea National Oil Company 29%
This announcement is authorised for release by the Board of Directors of 3D Energi Limited.