D3E.ASX: Drilling Update at Nooitgedacht in South Africa

Drilling Update at Nooitgedacht in South Africa

Stock	D3 Energy Ltd (D3E.ASX)
Release Time	3 Aug 2026, 8:34 a.m.
Price Sensitive	Yes

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D3 Energy Updates Drilling Progress at Nooitgedacht

Key Points

Second well NGT245 D successfully spudded
First well NGT245 E drilled to 363m on time and budget
Target gas zone intersected, gas flowed to surface
Further evaluation planned post intermediate casing installation

Full Summary

D3 Energy Limited has successfully spudded the second of two planned wells, NGT245 D, at the Nooitgedacht area within the ER315 permit in South Africa. The first well, NGT245 E, was drilled to a total depth of 363 meters, intersecting the target gas zone and flowing gas to the surface. The second well, NGT245 D, was spudded on 30 July 2026 and has reached a depth of 80 meters with surface casing installed. Drilling to target formations will continue, and the well will undergo logging and intermediate casing installation. The Company plans to commence a 2D seismic program to enhance geological understanding. The successful drilling highlights the efficient nature of D3 Energy's operations and supports the Company's strategy to increase its reserve base in ER315.