Australia's 3D Energi soars on gas target discovery

3D Energi

29/12/2025 03:17

** 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

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))