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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