KUALA LUMPUR (Dec 29): Hibiscus Petroleum Bhd’s (KL:HIBISCS) associate has paused drilling at the Charlemont-1 exploration well off Australia after encountering gas at a shallower-than-planned depth. Drilling was paused on Dec 25 after higher-than-anticipated pressures were encountered at a depth of about 2,552 metres measured depth. 3D Energi holds a 20% participating interest in the Charlemont-1 well. The operator, ConocoPhillips Australia, is currently assessing potential adjustments to the well design, including options to continue drilling to the primary Waarre A target. 3D Energi holds 100% participating interest in the three exploration blocks.

Source: The Edge Markets December 29, 2025 06:30 UTC