T/49P JV Contracts Vessel To Acquire 3D Seismic-Tdo.Ax

3D Energi

01/03/2021 01:45

March 1 (Reuters) - 3D Oil Ltd  TDO.AX :
    * T/49P JV CONTRACTS VESSEL TO ACQUIRE 3D SEISMIC-TDO.AX
    * UNIT WITH CONOCOPHILLIPS AUSTRALIA HAS CONTRACTED
SHEARWATER
VESSEL GEO CORAL TO ACQUIRE SEQUOIA 3D SEISMIC SURVEY
    * UPON COMPLETION OF ACQUISITION, COP MAY ELECT TO DRILL AN
EXPLORATION WELL
    * IF COP ELECTS TO DRILL  EXPLORATION WELL, CO WILL BE
CARRIED FOR
UP TO US$30 MILLION IN DRILLING COSTS
    * CO WILL ALSO CONTRIBUTE 20% OF DRILLING COSTS IN LINE WITH
ITS
INTEREST IN PERMIT

Source text for Eikon:  ID:nASX7jclnk 
Further company coverage:  TDO.AX 

 ((Reuters.Briefs@thomsonreuters.com;))