Omega Oil & Gas Ltd
Omega Oil & Gas Limited is an Australian exploration company with a highly experienced team focussed on unlocking the vast, deep oil and gas potential of Queensland's Taroom Trough, an emerging producing province within the Bowen Basin.
The business
Omega Oil & Gas Limited is an Australian exploration company with a highly experienced team focussed on unlocking the vast, deep oil and gas potential of Queensland's Taroom Trough, an emerging producing province within the Bowen Basin. The Company is advancing the high-potential Canyon project, within Queensland's Taroom Trough, part of the under-explored deep south Bowen Basin. This region is emerging as a new energy frontier with proven overpressure, liquids-rich gas and oil potential. The Company is advancing the high-potential Canyon project, which consists of Canyon-1 (Vertical Well), Canyon-2 (Vertical Well) and Canyon-1H (Horizontal Well). It is the presence of a large and prospective petroleum system capable of supporting decades of commercial production. The Company holds a 100% interest in Potential Commercial Areas (PCA) 342 and 343 in Queensland's Bowen Basin.
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Latest news
Omega Oil & Gas Adds Further Weight to Taroom Trough Promise with New Study
A new study conducted by Omega Oil & Gas (ASX: OMA) and leading oilfield services specialist SLB has further confirmed the potential of Queensland’s Taroom Trough area as a future energy powerhouse for the east coast of Australia. Omega, which is developing its Canyon discovery along with its large Taroom Trough acreage position, has learned […]
Omega Oil and Gas advances Taroom Trough appraisal with positive Canyon-2 results
Omega Oil and Gas (ASX: OMA) has strengthened its belief that Queensland’s Taroom Trough has the potential to be a significant contributor to the east coast gas market. Omega recently flowed both oil and natural gas to surface in its successful Canyon-1H fracture stimulation and flowback program and has now received further positive results from […]
Drilling success at Queensland’s Taroom Trough could undercut gas reservation debate
While federal opposition leader Peter Dutton’s plan to enforce a gas reservation policy on the east coast of Australia is creating major angst within the nation’s energy industry, recent drilling success in central Queensland could make it a moot point in the long term. Global energy major Shell, leading Australian gas supplier Santos (ASX: STO) and […]
Omega Oil and Gas targets east coast supply boost with Canyon-1H drilling campaign
Fresh from a $6.5 million capital raising, junior explorer Omega Oil and Gas (ASX: OMA) is aiming to unlock new gas reserves for the energy-hungry eastern states market. The company is preparing to spud its Canyon-1H well later this month after one of Australia’s largest onshore drilling rigs was released to its care over the […]
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