3D ENERGI LIMITED (TDO)

The securities of the company have been suspended from trading for more than three months. The company is subject to strict ASX compliance deadlines regarding its outstanding periodic reports under Listing Rule 17.5 and its plan to resume trading. Specifically, the company must lodge its oldest outstanding periodic report by the 1-year deadline date and execute an ASX-approved resumption plan by the 2-year deadline date. If the company fails to meet either of these deadlines, it will be automatically removed from the ASX official list, with the delisting usually taking effect at the open of trading on the first business day following the missed deadline.

The NOPSEMA has accepted the Environment Plan for the Sauropod 3D Marine Seismic Survey in WA-527-P, marking a key regulatory milestone. The survey aims to acquire up to 3,447 km² of new 3D seismic data in the prospective area. Scheduled for January-May 2027, the survey will proceed pending regulatory, commercial, and funding requirements. 3D Energi is currently evaluating these commercial and funding options for acquisition.

The company acknowledges receipt of a buy-out notice from ConocoPhillips regarding its 20% interest in VIC/P79, valued at US$19.8 million, with a 5% discount applied. Concerns about the validity of the notices and RISC's FMV determination persist. If valid, completion of the sale is due 10 business days post-consents. Further shareholder updates will follow.

Independent expert RISC Advisory has assessed the Fair Market Value of 3D Energi's 20% interest in VIC/P79 at US$19.8 million. This FMV includes a US$25.4 million unrisked post-tax NPV10 for the Essington Gas Discovery, adjusted to US$13.0 million based on a 51% development chance, plus an additional US$6.8 million for 3D Energi's exploration value in VIC/P79. Should ConocoPhillips issue a valid buy-out notice, they have 30 days until 24 September 2026 to acquire 3D Energi's interest at the FMV, minus certain claims and discounts. 3D Energi disputes the buy-out notices and believes the FMV undervalues its interest.

The company lodges its Quarterly Activities Report and Appendix 5B for June 2026.

Securities of the company have been suspended for over three months. Each long-term suspended entity requires its name and ASX code, details of unlodged periodic reports under Listing Rule 17.5, the one-year deadline for the oldest outstanding report, and the two-year deadline to resume trading to ASX's satisfaction. Failure to meet these deadlines results in removal from the official list, typically effective from the first trading day after the deadline.

The company releases its notice of cessation of securities.

The company has appointed RISC Advisory Pty Ltd as an independent expert to determine the fair market value of its 20% interest in VIC/P79 after failing to reach an agreement with ConocoPhillips. This follows a buy-out notice, with the valuation process expected to be completed within 90 days, while the Company reserves its position on the validity of related notices.

The company lodges its quarterly activities report and appendix 5B for March 2026.

The company updates its 31 December 2025 half-year financial report status following delays due to default notices and a buy-out under the Joint Operating Agreement for the Otway Phase 1 Drilling Program. Lodgement with ASX remains outstanding, delaying security reinstatement.

The company has conducted an internal review of its continuous disclosure policy due to ASX concerns regarding its trading halt and voluntary suspension requests. Engaging Thomson Geer for an independent review, the Company aims to enhance compliance with ASX Listing Rules and governance practices.

The company received a buy-out notice from ConocoPhillips SH2 Pty Ltd to purchase its 20% interest in VIC/P79 at fair market value, following previous default notices. A valuation process is initiated.

The company releases its top 20 holders and distribution.

The company lodges its application for quotation of securities.

The company lodges its notification regarding unquoted securities.

The company requested a halt on its securities on 22 January 2026 under Listing Rule 17.1, pending an announcement. After failing to provide this announcement, TDO's securities were suspended on 27 January 2026. ASX directed TDO to release an update, but non-compliance resulted in a continued suspension under Listing Rule 17.3 until compliance is met.

The company releases its placement options prospectus for December 2025 for the offer of 103,571,429 options in the company, on the basis of one option for every share subscribed for and issued under the December Placement for nil consideration.

The company releases its placement options prospectus for October 2025 for the offer of 41,681,847 options in the company, on the basis of one option for every two shares subscribed for and issued under the October Placement for nil consideration.

Essington is the largest undeveloped gas discovery in the Otway Basin, located 12km from infrastructure, enhancing its value. Charlemont B confirms gas in both targeted horizons. Regulatory processes are advancing, with plans for exploration. Essington's low COâ‚‚ and high liquids content position it as a key gas supply source.

The company received a second default notice due to unpaid cash calls totaling approximately US$7.7 million related to its 20% interest in the Otway Phase 1 Drilling Program. The Joint Venture operator issued the notice with a remedy period until 8 March 2026. The company's shares remain suspended, with updates to be provided as required.

The company releases the results of its general meeting.

The company faces a cash shortfall of approximately US$2.5 million related to the Otway Phase 1 Drilling Program, with an additional US$5.3 million due, risking further default notices. Trading of shares has been suspended until 6 February 2026 while funding issues are addressed and implications for its permit interest remain unresolved.

The company releases its quarterly activities report and appendix 5B for December 2025.

The company's securities will be suspended from quotation under Listing Rule 17.2 at TDO's request, pending an announcement. The suspension will last until the specified period in TDO's request ends or the announcement is released. TDO's request for voluntary suspension is provided for market reference.

name changed from 3D Oil Limited