3D Energi (TDO) AGM 2024 presentation summary

Strategic direction and growth

• Transitioning from exploration to potential production, aiming to become a key player in the Australian energy sector.

• Focused on delivering transformational growth through a robust portfolio of oil and gas assets.

• Diversifying energy solutions, including gas storage and exploration in multiple basins.

• Strong emphasis on value creation via joint ventures and farm-outs, notably with ConocoPhillips Australia.

• Positioned to address the east coast gas supply gap as legacy fields deplete.

Asset portfolio and exploration programs

• Holds significant interests in Otway, Gippsland, and Bedout Sub-Basins, with best estimate prospective resources of 12.3Tcf gas and ~350MMbbls oil.

• Otway Exploration Drilling Program (OEDP) is a major focus, with up to 6 wells planned and a US$65M well carry secured.

• Bedout Sub-Basin (WA-527-P) targets 349MMbbls oil prospective resource, adjacent to major discoveries.

• Gas storage exploration underway at the depleted Caroline Field, assessing potential for hydrogen, natural gas, or CO2 storage.

• Regia and Sauropod 3D seismic surveys planned to mature additional drill targets and support future exploration phases.

Operational progress and milestones

• Major drilling contracts for OEDP Phase 1 completed; Transocean Equinox rig mobilized for 2025 campaign.

• Environmental Plans submitted for up to 6 Otway wells and Regia 3D seismic; regulatory approvals in progress.

• Reprocessing of La Bella 3D seismic revealed direct hydrocarbon indicators at Monarch Prospect, with a 47% chance of success.

• Flexible drilling strategy allows transfer of well carry between permits to optimize commercial outcomes.

• FY24 activities included advancing seismic, drilling preparations, and marketing exploration opportunities to partners.