3D Oil Limited  
Overview
 


Profile

3D Oil Limited was incorporated in July 2003 and acquired a 100% interest in the Gippsland Basin Permit VIC/P57 in Bass Strait, through the gazettal process in April 2004. The Permit covers a 750 square kilometre area and has been tested by only four wells, one of which was the West Seahorse oil discovery, and only one of these wells has been drilled within the last 25 years.

In June 2005 the Company acquired a 100% interest in the Bass Basin Permit T41-P in Bass Strait. The Permit covers approximately 2805 square kilometres and is very lightly explored, that is with only a regional grid of 2D seismic and the drilling of one well.

The Company listed on the Australian Stock Exchange (ASX) on 22nd May 2007. Under the Prospectus a total of 110 million ordinary fully paid shares (Shares) were issued at 40 cents each raising a total of $44 million, with 25 cents per Share payable on application and the balance of 15 cents per Share payable on 6 December 2007.

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Based In Australia
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