1、annualreport2013First oil is on the horizonhighlightsFinal investment Decision For West seahorse Development is targeteD Within 6 months1highlightshigh quality partnerDrill rig secureDHibiscus Petroleum,A$200m+Malaysian company,is our JV operating partner and 13%shareholderJV has purchased$15m rig t
2、o convert to MOPU3D Oil Limited ABN 40 105 597 279 Annual Report 30 June 20132Managing directors report 4Chairmans letter 5Review of operations 6Directors report 17Auditors independence declaration 26Financial report 27 Statement of profit or loss and other comprehensive income 28 Statement of finan
3、cial position 29 Statement of changes in equity 30 Statement of cash flows 31 Notes to the financial statements 32 Directors declaration 49Independent auditors report to the members of 3D Oil Limited 50Shareholder information 53Corporate Governance Statement 55Corporate directory 61contentsFast Deve
4、lopment pay backexciting meDium term potential in proven FairWaysStrong free cash flows anticipated within 6 months of developmentVIC/P57 contains low risk high impact oil featuresT/49P contains large gas features3managing Directors reportA lot can happen in a year and certainly the last one has pro
5、ved to be eventful for 3D Oil.At the time of writing this letter last year the company had just secured the farmin of Hibiscus Petroleum into VIC/P57 which underpinned the commencement of the development of the West Seahorse oil field.The farmin,which committed A$27 million to the development and A$
6、2 million subscription to 3D Oil,commenced a very exciting 12 months.Our first achievement was to have a Location declared over the West Seahorse oil field,a precursor to a Production Licence,in November 2012.Early in 2013 a development concept was selected and WorleyParsons was awarded the Front En