3D Oil (TDO)

Shares / Stock Code

TDO

Stock Exchange / Sharemarket

ax

3D Oil was listed on the ASX (Australian Stock Exchange) on 22 May, 2007 and is primarily involved in oil and gas exploration. Under the Prospectus a total of 110 million ordinary fully paid shares were issued at 40 cents each raising a total of $44 million, with 25 cents per share payable on application and the balance of 15 cents per share was payable on 6 December 2007. 3D Oil Limited acquired a 100% interest in the Gippsland Basin permit Vic/P57 in April, 2004, which contains the West Seahorse oil field as well as significant oil exploration opportunities.

3D Oil Limited plans to drill an appraisal well in West Seahorse in early 2008, immediately followed by a well on the Wardie Prospect. Oil production from West Seahorse could start as early as 2010.