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3D Energi Strikes Major Otway Basin Gas Discoveries but Faces Funding Crisis

6:04pm on Friday 30th of January, 2026 AEDT Energy
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3D Energi Strikes Major Otway Basin Gas Discoveries but Faces Funding Crisis

6:04pm on Friday 30th of January, 2026 AEDT
Key Points
  • Essington-1 well delivers first Otway Basin gas discovery since 2021
  • Charlemont-1 confirms second gas discovery, expanding prospectivity
  • Two capital raisings total approximately A$23.9 million to fund exploration
  • Funding shortfall triggers ASX trading suspension until 6 February 2026
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