3D Energi (TDO) Q1 2027 TU earnings summary

Executive summary

• Portfolio activity centered on the Otway Basin permits VIC/P79 and T/49P, plus the 100%-owned WA-527-P permit in the Bedout Sub-basin.

• VIC/P79 buy-out process advanced, while Flanagan 3D seismic reprocessing and planning for the Sauropod 3D survey progressed.

Financial highlights

• Cash and cash equivalents were A$2.271m at 30 September 2026, down from A$2.799m at the quarter’s start.

• Net operating cash outflow was A$410k; investing cash outflow was A$110k, with no financing cash flows reported.

• Related-party payments were A$116k, comprising salaries, superannuation and directors’ fees paid to directors and related entities.

Outlook and guidance

• Flanagan 3D reprocessing is expected to finish in Q4 2026 ahead of T/49P Year 6, which starts 22 February 2027 and includes one exploration well.

• Sauropod 3D acquisition could occur January–May 2027 under the accepted Environment Plan; funding and commercial options, including third-party participation and data licensing, are being assessed.

• Santos’ Bedout drilling campaign is scheduled to commence from April 2027, subject to rig timing and approvals, with one firm and one contingent exploration well.

• WA-527-P’s two-year suspension, extension and variation application remains under assessment by NOPTA; acquisition of Sauropod also requires approval of the application.