2337 GMT - Planning approvals for new Sydney data centers should alleviate concerns that NextDC and DigiCo are running out of saleable capacity, Jefferies analyst Roger Samuel reckons. He tells clients in a note that the NSW state government last week approved NextDC's new S4 center, the expansion of DigiCo's existing central center, and Goodman's site near Sydney's airport. With the three positive decisions coming in the space of about 24 hours, Samuel sees the approvals as evidence that the government is increasingly supportive of developments. Approval for NextDC's S5 center is likely to come early in 2026, he adds. ([email protected])

2258 GMT - 3D Energi's unexpected discovery of natural gas in the Waarre C reservoir bodes well for what it could find in the main target of its current exploration campaign, Euroz Hartleys says. 3D Energi says the Charlemont-1 well operated by its partner, ConocoPhillips, recently intersected significant gas shows some 160 meters above the primary target of the Waarre A reservoir. Analyst Declan Bonnick had estimated the Waarre A reservoir could contain as much as 1.014 billion cubic feet of gas. That's equivalent to some A$400 million of value, or A$0.80 per 3D Energi share. "The unexpected gas intersected, as announced today, could potentially mean the cluster holds a larger amount of gas than previously estimated," Euroz says. It has a speculative buy call on 3D Energi. ([email protected]; @dwinningWSJ)

2114 GMT - Cobram Estate Olives's acquisition of Californian Olive Ranch for US$173.5 million looks reasonably priced to Ord Minnett. That's because of the cost savings and scale benefits from combining the top two producers of extra virgin olive oil in the U.S. Analyst Ian Munro says the deal was agreed at an implied enterprise value-to-Ebitda multiple of 10.8x. It is forecast to lift Cobram Estate Olives's EPS by at least 9% from FY 2027. Ord Minnett raises the stock to buy, from accumulate, and lifts its price target by 4% to A$3.65/share. Cobram Estate Olives ended last week at A$3.26. ([email protected]; @dwinningWSJ)

(END) Dow Jones Newswires