OMA
Omega Oil & Gas Ltd
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Company News
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 […]
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 […]
Omega intersects 293m of gas and liquid hydrocarbons at Canyon-2 well
Omega Oil and Gas (ASX: OMA) has announced “outstanding” exploration success at the Canyon-2 well in Queensland’s Bowen Basin, with an intersection of 293 metres of gas and liquid hydrocarbon shows. The well is located within the highly-prospective Kianga Formation and upper Back Creek Group and correlates with historical discoveries in the area, including Shell […]
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