WHAT WE DO

Omega Oil and Gas Limited (ASX: OMA) is a dynamic Australian exploration company with a dual focus on oil and gas, leveraging a two-pronged approach to unlock the vast petroleum potential of Queensland’s Taroom Trough, an emerging frontier in the Bowen Basin. The Company’s breakthrough at the Canyon-1H well revealed substantial oil flows alongside gas production. The successful execution of the fracture stimulation test underscores Omega’s technical expertise, and positions the Company as a leader in both sectors.

Founded in 2020, Omega’s countercyclical strategy has delivered major hydrocarbon discoveries, including Canyon-1 and Canyon-2. Omega’s Canyon-1 project has unveiled solid gas rates plus an extensive oil play, offering two attractive commercialisation pathways. This highlights the presence of a large and prospective petroleum system capable of supporting decades of commercial production.

Backed by prominent resource investors and driven by technical expertise, Omega is committed to developing both oil and gas opportunities. The Company’s innovative horizontal drilling and fracture stimulation methods have demonstrated robust well performance, validating the potential for high-yield development wells.