3D Energi (TDO) Q4 2026 TU earnings summary

Executive summary

• Maintained a strong portfolio of Australian exploration projects, including offshore Otway Basin and Northwest Shelf, with ongoing project updates and strategic positioning for future gas supply.

• Surrendered the GSEL 759 gas storage exploration permit in South Australia due to technical and economic constraints.

Segment performance

• Otway Basin (East Coast): Holds 20% non-operated interest in VIC/P79 and T/49P permits; ongoing buy-out valuation process for VIC/P79 and seismic reprocessing for T/49P to mature prospects.

• Northwest Shelf (West Coast): 100% interest in WA-527-P; progressing Sauropod 3D seismic survey planning and environmental approvals, seeking farm-in partner.

• Onshore South Australia: Surrendered GSEL 759 permit after technical assessment found significant barriers to further evaluation.

Significant events and developments

• RISC Advisory appointed as independent valuer for VIC/P79 buy-out; valuation expected within 90 days of appointment.

• NOPTA approved a 24-month suspension and extension for T/49P Year 5 work commitments, with seismic reprocessing underway.

• Submitted a 2-year suspension, extension, and variation application for WA-527-P, with ongoing engagement with regulators.