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3D Energi Secures $9.4M to Launch Essington-1 Drilling Campaign
9:38am on Monday 6th of October, 2025 AEDT
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Energy
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3D Energi Secures $9.4M to Launch Essington-1 Drilling Campaign
9:38am on Monday 6th of October, 2025 AEDT
Key Points
Firm commitments to raise $9.4 million via share placement at $0.11 per share
Director Noel Newell to participate with $0.2 million subscription, pending shareholder approval
Placement includes free attaching unlisted options exercisable at $0.18 within 12 months
Funds will fully finance Essington-1 well drilling and contribute towards second well, Charlemont-1
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