3D Oil Ltd (ASX:TDO) executive chairman Noel Newell will present its oil & gas strategy, targeting a combination of favourable technical and commercial niche positions in eastern Australia at a Proactive webinar tomorrow, July 14. The formation of the company was initially motivated by a focus on the Gippsland Basin, which has been one of the most prolific oil and gas producing regions in Australia. 3D oil has interests in exploration permits in the offshore Gippsland and Otway Basins of southeast Australia, as well as the significant new petroleum province within the Bedout Sub-basin of the North West Shelf in Western Australia. Farm-out completion[hhmc] The National Offshore Petroleum Titles Authority (NOPTA) recently approved the transfer of title of an 80% equity in the T/49P exploration permit to ConocoPhillips Australia (NYSE:COP), which completed the farm-out transaction. 3D Oil is set to receive a cash payment of $5 million within two weeks of the approval date (June 11). ..