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 Encounters Record Gas Shows in Queensland’s Deepest Well
Omega Oil & Gas records its strongest gas shows yet at Queensland’s deepest well, reaching 4,700m—though commercial flows are yet to be proven.

Omega Oil and Gas Delivers Best Results to Date from Canyon-4 Well in Taroom Trough
Omega Oil and Gas delivers its best Canyon-4 result yet, with 197m net pay and improved reservoir quality in Queensland’s Taroom Trough.

Omega Oil & Gas Expands Taroom Trough Footprint with New Petroleum Acreage
Omega Oil & Gas secures Taroom Trough land release, expanding its operated footprint 63% to 2,947 km2; permits and appraisal to follow.

Omega Oil & Gas Extends 'Play-Defining' Campaign with Drilling at Canyon-4 Well
Omega Oil & Gas kicks off Canyon-4, a key Taroom Trough well; aims to prove a vast oil/gas system; results due end of month.
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