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

Published 01/03/2021, 12:45 pm
Updated 01/03/2021, 12:48 pm
© Reuters.

© Reuters.

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

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