Omega Oil and Gas appoints Martin Houston as Chair
Omega Oil & Gas has brought in the proverbial big guns with the appointment of former BG Group Chief Operating Officer Martin Houston as its Chair. Houston has over four decades of global experience in the oil and gas industry including 32 years at BG where he was instrumental in developing the Queensland Curtis LNG project that included the gas major’s exploration program in the Taroom Trough. He is also…
GOT GAS: Is it really too late to avoid higher gas prices on the east coast?
While Victoria and New South Wales are challenging jurisdictions to operate in, Queensland is far friendlier to oil and gas explorers such as Omega Oil & Gas (ASX:OMA), which is currently preparing to fracture stimulate and test its Canyon-1H horizontal well in the Taroom Trough…
Beach Energy plans CSG expansion, targets Queensland
Two groups that have caught the eye of suitors of late that are exploring in the area of Queensland LNG are Elixir Energy, which has a $44m market value and has a permit to explore The Taroom Trough. Another business operating there is Omega Oil and Gas…
MST Access | In the Spotlight – Omega Oil and Gas (OMA.AX), Trevor Brown, CEO
Can Omega Oil and Gas Limited unlock potentially commercially viable gas flows at Canyon-1H? CEO Trevor Brown speaks to MST Financial and provides an update ahead of the upcoming, possibly game-changing fracture stimulation program in Queensland’s Taroom Trough….
Omega Oil & Gas to accelerate Canyon appraisal in Queensland
Omega Oil and Gas is ready to accelerate development of its Canyon field in Queensland after successfully raising $7 million through an institutional capital raise. The company received very strong interest in the offer, meaning it closed early and placement bids are now required to be scaled…
Omega Oil & Gas secures A$7 million in Institutional Placement
Omega Oil and Gas has concluded an institutional capital raise, securing A$7 million in commitments. The placement is priced at A$0.315 per share, equal to the prevailing market price. Encouragingly, the placement closed ahead of schedule due to substantial investor interest. As a result…
Taroom Trough pioneer Omega Oil and Gas has successfully completed a $7 million capital raise, drawing significant backing from the billionaire Flannery family. That family’s Ilwella business and associated entities have maintained their holding in the company at 29.99 per cent and…
Major oil and gas investor Tri-Star shows faith in Omega by backing $7 million placement
Picking the right resources investment can be tricky, so punters tend to sit up and take notice when a veteran exploration and investment group choose to raise their long-standing interest in a company during a capital raising. This is all the more true when said investor – Tri-Star Group…
Queensland’s Taroom Trough is the solution for the east coast’s gas supply woes
As eastern Australia’s gas supply prospects continue to spiral down the drain, Queensland is looking increasing likely have the answer to the problem. Whether it be incremental increases from mature areas or unlocking potentially massive resources in the frontier Taroom Trough…