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 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.

Omega Oil & Gas Extends Taroom Trough System With Canyon-3
Omega Oil & Gas hits six Permian reservoirs at Canyon-3, thickening Canyon Sandstone and signaling a region-scale Taroom Trough system with 200+ km2 potential.

Omega Oil & Gas Prepares for Largest Drilling Campaign to Date at Canyon-3 Well
Omega Oil & Gas kicks off Canyon-3, its largest onshore drilling program in Queensland, with up to 6 wells and potential maiden resource booking.
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