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3D Energi Uncovers Gas but Faces Funding Crisis and Trading Halt

11:32am on Tuesday 27th of January, 2026 AEDT Energy
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3D Energi Uncovers Gas but Faces Funding Crisis and Trading Halt

11:32am on Tuesday 27th of January, 2026 AEDT
Key Points
  • Two gas discoveries at Essington-1 and Charlemont-1 wells
  • Drilling costs significantly exceeded initial estimates
  • Outstanding cash calls of approximately US$2.5 million with further US$5.3 million due soon
  • Default notice issued by joint venture operator
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