
ConocoPhillips buys 3D Energi stake for US$19.8M
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ConocoPhillips (NYSE:COP) announced its intention to acquire the remaining 20% stake in exploration permit VIC/P79 off the Victorian coast from 3D Energi (ASX:TDO) for US$19.8 million.
3D Energi (ASX:TDO) has announced a gas discovery at the Charlemont-1 exploration well within the VIC/P79 permit, offshore Victoria, where it holds a 20% interest.