3D Oil Limited
3D Oil Limited is an Australia-based company engaged in the production and development of upstream oil and gas. The Company is a 100% equity holder and operator of the VIC/P57 permit on the Northern Margin of the Gippsland Basin. It has also acquired a 100% interest in the Bass Basin permit T41-P. 3D Oil Limited has also acquired 2200 kilometer of two dimensional (2D) seismic data. The T41-P permit covers 2805 square kilometers in the eastern Bass Basin.
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News
Australian shares market yesterday was buoyed by the news Rio Tinto reached a better than expected iron ore price agreement with Japan's Nippon Steel. The benchmark S&P/ASX 200 index gained 50.5 points, or 1.4 per cent, at 3788.4, while the broader All Ordinaries index rose 46.3 points, or 1.2 per cent, to 3781.6.
Australian shares closed lower on Friday. The Australian market sunk further into the red and languished in negative territory amidst gloomy economic news from here and overseas, according to CMC Markets.
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