March 1 (Reuters) - 3D Oil Ltd (TDO) :
- T/49P JV CONTRACTS VESSEL TO ACQUIRE 3D SEISMIC-TDO.AX
- UNIT WITH CONOCOPHILLIPS AUSTRALIA HAS CONTRACTED SHEARWATER VESSEL GEO CORAL TO ACQUIRE SEQUOIA 3D SEISMIC SURVEY
- UPON COMPLETION OF ACQUISITION, COP MAY ELECT TO DRILL AN EXPLORATION WELL
- IF COP ELECTS TO DRILL EXPLORATION WELL, CO WILL BE CARRIED FOR UP TO US$30 MILLION IN DRILLING COSTS
- CO WILL ALSO CONTRIBUTE 20% OF DRILLING COSTS IN LINE WITH ITS INTEREST IN PERMIT
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