Buy-Out Notice Received

• 3D Energi received a buy-out notice from ConocoPhillips SH2 Pty Ltd
• Buy-out process to determine fair market value for 3D Energi's 20% interest in VIC/P79 permit
• ConocoPhillips SH2 Pty Ltd may exercise buy-out right within 30 days if fair value agreed

3D Energi Limited ('3D Energi', 'TDO' or 'the Company') has received a buy-out notice from ConocoPhillips SH2 Pty Ltd to commence the process for ConocoPhillips SH2 Pty Ltd to purchase the Company's 20% participating interest in the VIC/P79 exploration permit for fair market value. The buy-out process under the Joint Operating Agreement provides a period for the parties to agree on a fair market value for the Company's participating interest or, if agreement is not reached, obtain an expert valuation. Once the parties have agreed, or the expert has determined, the fair market value, ConocoPhillips SH2 Pty Ltd may exercise its buy-out right within a 30-day period. If ConocoPhillips SH2 Pty Ltd does not exercise its buy-out right in that period, ConocoPhillips SH2 Pty Ltd and Korea National Oil Corporation may rely on their other default remedies available against the Company, including a potential dilution of the Company's participating interest. The Company is continuing to obtain advice on the validity of the default notices and the buy-out notice received and will provide an update to the market as and when it is able to do so.