KUALA LUMPUR (Jan 14): Hibiscus Petroleum Bhd’s (KL:HIBISCS) 7.43%-owned 3D Energi Ltd announced on Wednesday that it has unexpectedly discovered gas in the Waarre C sandstones, Charlemont Trend, Otway Basin in Australia. 3D Energi disclosed to the Australian Securities Exchange that the gas discovery was made after recovering a representative gas sample from the thin Waarre C sandstone during Phase 1 of the Otway exploration drilling programme. 3D Energi holds a 20% participating interest in the VIC/P79 permit. Charlemont-1 represents the second gas discovery under the Otway Exploration Drilling Program, following the recent Essington discovery. Meanwhile, 3D Energi said there is potential to drill additional wells as phase 2 of the Otway Exploration Drilling Program under the approved Environment Plan.

Source: The Edge Markets January 14, 2026 07:46 UTC