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Australia's 3D Energi soars on gas target discovery

ReutersDec 29, 2025 3:17 AM

Shares of Australia's 3D Energi TDO.AX jump as much as 13.5% to A$0.147 in their biggest intraday pct gain in a month

Stock touches its highest level since December 19

Energy firm says it finds unexpected potential gas targets deeper in Charlemont-1 gas exploration well

Says drilling paused temporarily for ConocoPhillips Australia to evaluate potential adjustments to well design for further drilling

Charlemont-1 gas exploration well is natural gas site in Australia. ConocoPhillips Australia is the operator holding 51% stake in project, while co and Korea National Oil Company (KNOC) own minority stakes in project

Stock last up 7.7%; including session's gains, stock up 52.2% YTD

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