3D and Conoco progress Otway farmout

WOODSIDE Petroleum, Beach Energy and Central Petroleum have all announced project and spending delays today, but tiny 3D Oil is progressing gamely ahead with the farmout of its offshore Tasmania permit to huge partner ConocoPhillips.

3D and Conoco progress Otway farmout 3D and Conoco progress Otway farmout 3D and Conoco progress Otway farmout 3D and Conoco progress Otway farmout 3D and Conoco progress Otway farmout

CP still chasing Otway LNG-scale project in hard times as agreement with 3D progresses

 
The latter just announced its own round of global spending cuts but will still pay 3D A$5million and has signed a joint operating agreement with the ASX tiddler for T/49P.
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