3D Energi announces gas discovery at Charlemont-1 in Otway Basin

Australian oil and gas exploration company 3D Energi has reported a gas discovery at the Charlemont-1 exploration well in the VIC/P79 exploration permit area within Victoria’s Otway Basin. The company, which holds a 20% interest in VIC/P79, reported that a gas sample was successfully recovered from the Waarre C sandstone at a 2,571.2m measured depth rotary table (MDRT). ConocoPhillips Australia (51%) and Korea National Oil Corporation (KNOC) with a 29% stake are the other partners in the VIC/P79 permit. ...