3D Energi's Gas Discovery Adds Allure as M&A Target -- Market Talk

Dow Jones
Jan 07

0250 GMT - 3D Energi's second gas discovery in Australia's Otway Basin has boosted its appeal as a takeover target, says Euroz Hartleys. 3D Energi said the Charlemont-1 exploration well intersected natural gas in the Waarre-A reservoir, which was the primary target of its drilling campaign. Analyst Declan Bonnick says 3D Energi, which owns 20% of the discovery, is an affordable corporate target with a market value of around A$89 million. "Small market capitalization makes 3D Energi easily digestible acquisition target providing significant growth potential for incumbents or LNG exporters," Euroz Hartleys says. Its price target lifts 18% to A$0.40/share. 3D Energi is up 9.7% at A$0.17. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

January 06, 2026 21:50 ET (02:50 GMT)

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