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3D Oil Limited
ASX Release
25 March 2022
3D Oil Limited
Level 18, 41 Exhibition Street
Melbourne VIC 3000
Tel: +61 3 9650 9866
Fax: +61 3 9639 1960
www.3doil.com.au
For personal
INVESTOR WEBINAR PRESENTATION
3D Oil Limited (ASX: TDO, "3D Oil" or the "Company") is pleased to announce its participation in the ShareCafe Small Cap "Hidden Gems" Webinar, to be held Friday, 25 of March 2022 from 12:30pm AEDT / 9:30am AWST.
Executive Chairman, Noel Newell, will provide an overview of the Company's energy exploration strategy which sees 3D Oil holding interests in a number of Australia's major oil and gas provinces such as the Otway Basin, Gippsland Basin and Roebuck Basin.
This webinar is able to be viewed live via Zoom and will provide viewers the opportunity to hear from, and engage with, a range of ASX-listed leading micro/mid cap companies.
To access further details of the event and to register at no cost, please copy and paste the following link into your internet browser:
https://us02web.zoom.us/webinar/register/WN_E0AcDep4Sgi4FV9qL7P1pw
A recorded copy of the webinar will be made available following the event.
A copy of the investor presentation to be delivered during the webinar is attached.
This announcement is authorised for release by the Board of Directors of 3D Oil Limited.
For further information, please contact:
Noel Newell
Executive Chairman
3D Oil Limited
Phone: +613 9650 9866
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"HIDDEN GEMS"
WEBINAR PRESENTATION
25 March 2022
MR NOEL NEWELL
Executive Chairman
3D Oil Limited
ASX:TDO
COMPANY OVERVIEW
Portfolio of high potential, frontier offshore exploration permits in Australia, including; Western Australia (Bedout Sub- basin), Tasmania (Otway Basin) and Victoria (Gippsland Basin)
only | ||||
Corporate overview | ||||
▪ Portfolio of high potential exploration permits including the offshore permits in | ||||
the Bedout Sub-basin and the Otway and Gippsland Basins | ||||
▪ 100% ownership of WA-527-P, located adjacent to the significant | ||||
Carnarvon/Santos oil discoveries (Dorado and Pavo) and VIC/P79 | ||||
▪ T/49P Joint Venture with ConocoPhillips contains one of the largest | ||||
conventional prospective gas resources on the east coast (10TCF Best | ||||
Estimate1) | ||||
▪ 3D Oil is financially prudent and continues to maintain a highly efficient capital | ||||
structure | ||||
useFinancial information | ||||
ersonal | Share price (24- Mar - 2022) | A$0.071 | ||
Number of shares | 265.2m | |||
Market capitalisation | A$18.8m | |||
Cash (31-Dec-2021) | A$2.1m | |||
Debt (31-Dec-2021) | Nil | |||
Enterprise value | A$16.7m | |||
Source: IRESS
(1) Refer to ASX announcement dated 27 July 2017 for details on T/49P Prospective Resource estimate
12 Month Share price
Top shareholders
Noel Newell (Executive Chairman) | 16.7% |
Oceania Hibiscus (joint venture partner) | 11.7% |
Top 20 holders | ~58% |
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INVESTMENT HIGHLIGHTS
only | A highly prospective | ||
portfolio of strategic | |||
offshore exploration assets | |||
use | |||
~3.1TCF and 398MMbbls total | |||
Recoverable Best Estimate | |||
Prospective Resources (net TDO) | |||
Skilled at early identification of | |||
prospective basins and plays and | |||
ersonal | 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 |
Delivered to shareholders ~7x | Low risk Vanguard Prospect | Early entry into Bedout Sub-basin |
actual exploration expenditure in | identified in VIC/P79 with 161Bcf | |
value from high impact deals. | New light oil discovery at Pavo | |
Flanagan Prospect (T/49P) has | significantly upgrades WA permit | |
T/49P farmout to ConocoPhillips | estimate 1.6 TCF | |
Mapped extension of the | ||
Completion of fully carried | Four key gas exploration targets | analogous Pavo/Dorado play into |
Sequoia 3D MSS (~1700km2 ) to | identified in VIC/P74 | WA-527-P on reprocessed 2D |
develop ranked portfolio of drill- | ||
ready targets | Combined volume of 1.8Tcf* in the | Areal extent of mapped channel |
under-explored Golden Beach and | system could yield significant traps | |
US$30 Mill carry on exploration well | Emperor plays | |
in 2023 | Sauropod 3D MSS to resolve | |
Bigfin lead proximal to | potential for erosional traps | |
infrastructure with 502Bcf* | 3 |
A HIGHLY PROSPECTIVE PORTFOLIO
3D Oil has built a strategic portfolio across some of Australia's most prospective offshore exploration basins
BEDOUT SUB-BASIN, WA | ||
WA-527-P (100% owned) | ||
Exploration Permit | ||
only | ✓ 349 MMbbls prospective resource | |
estimated across 3 leads | ||
✓ 2017: Awarded frontier acreage | ||
adjacent to recent oil and gas | ||
use | condensate discoveries | |
✓ 2019: Dorado-3 appraisal. Caley | ||
reservoir flows 30,000 bopd. | ||
✓ 2020: Santos led Joint Venture | ||
move forward on development plan | ||
✓ 2022: Pavo discovers 43 MMbbls | ||
gross 2C light oil, upgrading | ||
WA-527-P. | ||
ersonal | ✓ 2022: Apus 1 exploration well. | |
*Be t E timate Prospective Resource
OFFSHORE OTWAY BASIN, VIC
T49/P (20% owned) | VIC/P79 (100% owned) | ||
Exploration Permit | Exploration Permit | ||
✓ 2014: Acquired Flanagan 3D | ✓ 2022: Permit awarded and 161 Bcf | ||
MSS. Leads and prospects | recognised at Vanguard Prospect. | ||
identified proximal to infrastructure | ✓ | 2022: 3D seismic reprocessing and |
at Thylacine | interpretation |
✓ 2017: Announced prospective | |
resource estimate of 10 Tcf* | |
✓ 2019: Farmout to ConocoPhillips | |
✓ 2021: Sequoia 3D MSS acquired | |
✓ 2022: Sequoia 3D MSS | |
processing and interpretation |
Bedout Sub-Basin
Otway Basin
GIPPSLAND BASIN, VIC
VIC/P74 (50% owned)
Exploration Permit
- 1.9 Tcf and 164 MMbbls prospective resource estimate.
- 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
Gippsland Basin
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3D Oil Limited published this content on 24 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 March 2022 22:55:37 UTC.