OMEGA OIL & GAS ORD
Omega Oil and Gas Acquires 19.43% Stake in Elixir Energy to Accelerate Taroom Trough Development
Omega Oil and Gas (ASX: OMA) has acquired a 19.43% equity interest in Elixir Energy (ASX: EXR) through a $13.9 million placement that forms the foundation of a broader capital raising allowing Elixir to accelerate Phase 2 of its Strategic Plan.
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 […]