3D Energi Limited

Equities

TDO

AU000000TDO8

Oil & Gas Exploration and Production

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Apr. 15	3D Energi Secures Environmental Plan Approval for Bedout Basin Survey	MT
Mar. 19	3D Energi Limited Announces the Grant of A 2-Year Suspension and Extension of the Primary Term Work Commitment of WA-527-P Petroleum Exploration Permit, Offshore Western Australia	CI

3D Oil : 2021 Annual General Meeting Presentation

November 14, 2021 at 06:40 pm EST

3D Oil Limited

ANNUAL GENERAL MEETING

ASX:TDO

use only
ersonal
Image courtesy of PGS
Noel Newell		15 November 2021

	Virtual Meeting

Executive Chairman

INVESTMENT HIGHLIGHTS

only A highly prospective portfolio of strategic

offshore exploration assets

use~11.9TCF and 480MMbbls total Recoverable Best Estimate

Prospective Resources

Skilled at early identification of ersonalprospective basins and plays and

acquisition of key acreages

Generates organic value through decades of experience across key Australian basins

*Recoverable Best Estimate Prospective Resource

Funding exploration	A strong portfolio of gas	Playing in the right space
activities through high-	prospects well positioned	through strategic early
impact farmout deals and	to supply the east coast	entry - An emerging
strategic partnerships	gas market	petroleum province

T/49P farmout to ConocoPhillips	Four key gas exploration targets	Early entry into Bedout Sub-basin
	identified in VIC/P74
Free carry on ≥1580km2 Sequoia 3D		Mapped extension of the Dorado style
MSS to image significant structures	Combined volume of 1.9TCF* in the	Triassic channel play in WA-527-P
	under-explored Golden Beach and
~AUD$45M carry on exploration	Emperor plays	Sparse 2D indicates potentially
well in 2022-2023		significant traps analogous to
	Bigfin lead proximal to	Dorado Field
Strengthened partnership with	infrastructure with 502BCF*
Hibiscus Petroleum with 50%		Sauropod 3D MSS planning
farmout of VIC/P74	Pointer Prospect with strong Class	advanced to resolve potential
	III AVO and an additional 235BCF*	trapping configuration in WA-527-P

A HIGHLY PROSPECTIVE PORTFOLIO

3D Oil has built a strategic portfolio across some of Australia's most prospective offshore exploration basins

ersonal use only

WA-527-P (100% owned)

Exploration - Bedout Sub-basin

349 MMbbls (Total Best Estimate) Prospective Resource
2017: Acquired frontier acreage adjacent to recent oil and gas condensate discoveries such as Roc and Dorado.
2019: Dorado-3 indicates the Caley Fm is capable of flowing at 30,000 bopd from each well
2020: Santos led Joint Venture move forward on development plan
2021: Apus and Pavo explorations wells to be drilled soon

T49/P (20% owned)

Exploration - Otway Basin

2014: Acquired Flanagan 3D MSS and identified leads and prospects proximal to existing infrastructure at Thylacine
2017: Announced prospective resource of
10TCF (Best Estimate)
2019: Farmout to COP
2021: Sequoia 3D MSS acquired
2022: One Exploration Well

WA-527-P

Oil focused assets

Gas focused assets

T49/P VIC/P57 VIC/P74

VIC/P74 (50% owned)

Exploration - Gippsland Basin

1.9 TCF & 164 MMbbls Best Estimate Prospective resource.
2019: Opportunistic acquisition in prolific Gippsland Basin, adjacent to the giant Kingfish Oil field
2020: Hibiscus Petroleum farmout (50%)
2021: New reprocessed seismic data uncovers substantial gas prospectivity
Discussions accelerated with interested farm in partners

VIC/P57 (24.9% owned)

Exploration - Gippsland Basin

367.2 Bcf & 31 MMbbls Best Estimate Prospective Resource
Significant gas target at Pointer Prospect, having Type III AVO consistent with hydrocarbon.
Felix Prospect is a low risk Oil and Gas target located between, and along trend with, the Wirrah and West Moonfish discoveries.

VALIDATED STRATEGY

Validated strategy with T/49P farm-out to ConocoPhillips and in advanced discussions with multiple major Exploration & Production companies for WA-527-P

onlyuseT/49P

VIC/P74 ersonalWA-527-P

Identification and acquisition of early	Enhance value by organically
stage assets	progressing assets
Acquired in 2013, recognising	Acquisition of 3D seismic, 10TCF prospective
potential for an east coast gas	resource estimated, environmental plan for
supply deficit	seismic acquisition approved

Acquired in 2019 for seismic purchases only	Interpreted reprocessed seismic data,
constructed high potential portfolio with 370
Hibiscus enters Joint Venture
MMboe prospective resource

Acquired in 2017, prior to Dorado-1	3D Seismic Planning and Acquisition
discovery in 2018	(pending funding)

Monetise asset to optimise

shareholder value

Executed farm-out to

ConocoPhillips

In discussions with potential partners

In advanced discussions with potential partners

THE FUTURE OF EAST COAST GAS

LNG netback at ex Wallumbilla hub is emerging as the benchmark of domestic

only▪

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ersonal▪

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gas price

Long term gas prices expected to remain around $8/GJ to $11/GJ

Victoria alone has over 2 million homes connected to gas, 65,000 commercial users and over 600 large industrial users

Delivery cost to Victoria $2 to $2.50/GJ

Bass Strait gas reserves in rapid decline

Global gas shortage as world transitions to renewables

LNG Netback prices - historical and forecast1

1. ACCC Website

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3D Oil Limited published this content on 14 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 November 2021 23:39:03 UTC.

Latest news about 3D Energi Limited

3D Energi Secures Environmental Plan Approval for Bedout Basin Survey	Apr. 15	MT
3D Energi Limited Announces the Grant of A 2-Year Suspension and Extension of the Primary Term Work Commitment of WA-527-P Petroleum Exploration Permit, Offshore Western Australia	Mar. 19	CI
3D Energi Limited Reports Earnings Results for the Half Year Ended December 31, 2023	Mar. 05	CI
3D Energi Completes AU$3.3 Million Placement	Feb. 20	MT
3D Energi Limited Releases Prospective Resource Estimates for Monarch Prospect in the Otway Basin Within Vic/P79 Exploration Permit	Feb. 14	CI
3D Energi Discovers Direct Hydrocarbon Indication in Otway Basin	Feb. 13	MT
3D Oil Limited will Change its Name to 3D Energi Limited	Nov. 30	CI
3D Oil Changes Name to 3D Energi; Shares Climb 4%	Nov. 29	MT
3D Oil Limited Reports Earnings Results for the Full Year Ended June 30, 2023	23-09-28	CI
3D Oil Limited and Conocophillips Australia Gas Holdings Pty Ltd Signs Letter of Award Signed for Otway Basin Exploration Drilling Rig	23-07-12	CI
3D Oil Completes Seismic Survey at Otway Basin	23-06-27	MT
3D Oil Limited Announces an Upgrade to the VIC/P79 Prospective Resources	23-03-07	CI
3D Oil Limited Provides an Update on the Upcoming 2024/2025 East Coast Drilling Exploration Campaign with ConocoPhillips Australia	23-02-03	CI
3D Oil, ConocoPhillips Strike Joint Operating Deal for Completion of VIC/P79 Farmout	22-10-21	MT
3D Oil Near Completion of VIC/P79 Farmout to ConocoPhillips	22-10-20	CI
3D Oil Limited Reports Earnings Results for the Full Year Ended June 30, 2022	22-09-30	CI
3D Oil Limited acquired remaining 50% stake in VIC/P74 Exploration Permit from Carnarvon Hibiscus Pty Ltd.	22-09-29	CI
3D Oil Limited Auditor Raises 'Going Concern' Doubt	22-09-29	CI
Hibiscus Petroleum Berhad Announces Transfer of Interest Held in VIC/P74 Exploration Permit to 3D Oil Limited	22-09-22	CI
3D Oil Secures Gas Storage Exploration License in South Australia	22-09-01	MT
3D Oil Limited Announces That South Australian Department for Energy and Mining Has Awarded Gsel 759 Gas Storage Exploration Licence in Onshore Otway Basin	22-09-01	CI
3D Oil Limited agreed to acquire remaining 50% stake in VIC/P74 Exploration Permit from Carnarvon Hibiscus Pty Ltd.	22-08-23	CI
3D Oil Limited Farmout VIC/P79 to Conocophillips Australia	22-06-30	CI
3D Oil Generates New Targets at Otway Basin	22-06-08	MT
3D Oil Limited Announces New Near-Field Gas Exploration Targets	22-06-07	CI

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Company Profile

3D Energi Limited is an Australia-based energy company. The Company is engaged in exploration and development of upstream oil and gas assets. It has developed a portfolio of highly prospective offshore exploration permits in the offshore Otway and Gippsland basins of Southeast Australia. Its project includes Offshore Otway, VIC/TAS; Offshore Gippsland, VIC; Onshore Otway, SA, and Offshore Bedout, WA. The Offshore Otway Project includes two offshore exploration permits in the offshore Otway Basin, VIC/P79 and T/49P. The VIC/P74 petroleum exploration permit covers an area of 1,006 square kilometer (km2) and lies within shallow Commonwealth waters of the Gippsland Basin, where water depths range up to 70 m. The Onshore Otway Project at GSEL 759 is exploring the feasibility of the abandoned Caroline carbon dioxide (CO2) field within the onshore Otway Basin as a gas storage site, with the depleted reservoir potentially suitable for the storage of hydrogen, natural gas, or carbon dioxide.

Sector

Oil & Gas Exploration and Production

Calendar

2024-09-25 - Q4 2024 Earnings Release (Projected)

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Income Statement Evolution

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Sector Other Oil & Gas Exploration and Production

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