ConocoPhillips Confirms Second Gas Discovery in Australia's Otway Basin [Yahoo! Finance]
ConocoPhillips (COP)
Last conocophillips earnings: 4/30 07:00 am
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Source: Yahoo! Finance
Otway Basin and underscoring the region's growing importance to the country's tightening east coast gas market. Gas has been confirmed at the Charlemont-1 exploration well offshore Victoria after the successful recovery of a representative gas sample, validating the Charlemont Trend. The well is located in permit VIC/P79, operated by ConocoPhillips, with partners Korea National Oil Corporation and Australia-based 3D Energi. According to 3D Energi, gas was intersected in the Waarre C sandstone, where wireline logging and modular formation dynamics testing directly confirmed the presence of hydrocarbons. The gas intersection was not anticipated prior to drilling, adding an element of upside to the discovery. Preliminary compositional analysis indicates a carbon dioxide concentration of around 16 mol%, broadly comparable to the nearby La Bella gas field approximately seven kilometers to the east. In addition, elevated gas readings and resistivity responses were recorded in the Waar
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COP
Earnings
- 11/6/25 - Beat
COP
Sec Filings
- 1/16/26 - Form 3/A
- 12/23/25 - Form 4
- 12/16/25 - Form 4
- COP's page on the SEC website