News out this week - well update anyway.

Otway Project Update Essential Drilling Items Contracted 3D Energi Limited (the “Company”; ASX: TDO) is pleased to announce that critical drilling items for the upcoming Otway Exploration Drilling Program in 2025 have been contracted by ConocoPhillips Australia (COPA), Joint Venturers (and operators) of VIC/P79 and T/49P exploration permits in offshore Commonwealth waters of the Otway Basin (Figure 1).

TDO retains a 20% participating interest in both permits.

Highlights

 The Joint Venture has entered contracts for the supply of essential drilling items, including subsea wellheads and conductor pipes, as well as casing and liners.

 Procurement activities will progressively increase ahead of the drilling of two firm exploration wells in 2025, pending regulatory approval.

 TDO is carried by COPA for up to US$65M in gross drilling costs towards the two firm exploration wells and these essential drilling items are included in this carry.

 The final selection of well locations is yet to be confirmed and requires the completion of ongoing 3D seismic interpretation studies in VIC/P79 and T/49P.

Executive Chairman’s Comments Mr Noel Newell, Executive Chairman of 3D Energi, said today “Anticipation continues to build around the upcoming exploration program, with the contract of critical drilling items marking the completion of another key dependency on the pathway to drilling two exciting gas prospects. In the context of the growing social and political discussion around the importance of delivering new gas to the east coast market, TDO finds itself in a perfect storm.”