1、AnnuAl RepoRt 2019tARgetted exploRAtion thRough stAte of the ARt imAging.exploRe3D Oil has built a portfolio of high potential,frontier offshore exploration permits in Australia including offshore Western Australia(Bedout Sub-basin)and offshore Tasmania(Otway Basin)The 100%-owned WA-527-P permit cov
2、ers a large underexplored area that is situated next to the significant Dorado-1 hydrocarbon discovery in the Bedout Sub-basinThe 100%-owned T/49-P permit is a large frontier permit in the offshore Otway Basin,containing 1 prospect and 5 leads for a total prospective gas resource of 10TCF(Best Estim
3、ate)Recently awarded in the 2018 Offshore Exploration Release,VIC-P74(50%)will utilise state of art reprocessing to evaluate a proven area located proximal to the largest oil discovery in Australia.Perfectly positioned to take advantage of strong east coast gas demand.2Review of operations 6Director
4、s report 18Auditors independence declaration 28Statement of profit or loss and 30 other comprehensive income Statement of financial position 31Statement of changes in equity 32Statement of cash flows 33Notes to the financial statements 34Directors declaration 54Independent auditors report to the 55
5、members of 3D Oil Limited Shareholder information 58Corporate directory 613letteR fRom the executive chAiRmAn43D Oil is now one of the last small cap companies exploring in the offshore of Australia.While there are still some small companies on title in the offshore,very few are exploring and recent
6、ly there has been a dramatic increase in licenses being revoked by the Federal Government due to work programs not being completed.3D Oil provides an opportunity for shareholders to share in exposure to the potential wealth creation that is the prize in successful offshore hydrocarbon exploration,no