3D Energi (TDO) AGM 2025 presentation summary

Strategic positioning and market context

• Positioned for transformational growth with a focus on the Otway Basin and urgent east coast gas demand.

• Victoria faces peak day gas shortfalls, highlighting the strategic value of Otway exploration.

• Six prospect clusters and 51 leads identified, with a mean prospective resource of 9.2 Tcf gross (1.8 Tcf net).

• High-graded Charlemont Cluster prospects for near-term drilling to address supply gaps.

FY25 achievements and operational progress

• Achieved operational readiness for Phase 1 of the Otway Exploration Drilling Program (OEDP).

• Essington-1 gas discovery confirmed extension of the proven gas fairway and validated seismic interpretation.

• Secured firm commitments to raise approximately $9.4M post-September 2025 quarter.

• No debt and a significant exploration carry (~A$100m) for two exploration wells.

Exploration program and resource potential

• Phase 1 OEDP targets Essington-1 and Charlemont-1 wells, aiming for 321 Bcf gross (65 Bcf net) P50 resource.

• Phase 1 chance of success for both wells is 68–81%.

• Charlemont B prospect has a mean prospective resource of 93 Bcf (gross) and an 81% chance of success.

• Charlemont A offers a higher-risk, high-reward opportunity with a 332 Bcf gross mean resource.

• Regia Cluster maturing with new 3D seismic, targeting 1.4 Tcf mean prospective resource (gross).