An Untapped Region
Omega’s acreage is ideally positioned near established infrastructure and market access points. The Company’s early-mover acquisition strategy has secured 100% ownership of large-scale assets with significant upside.
Canyon-1 and Canyon-2 have delivered strong results and are advancing toward commercialisation. We have proven the effectiveness of horizontal drilling and fracture stimulation with successful testing of Canyon-1H. These efforts support Omega’s broader goal, to de-risk and unlock significant oil and gas volumes for Australia’s future energy needs.
The Canyon Project
Wells
Canyon-1 (Vertical Well)
Canyon-2 (Vertical Well)
Canyon-1H (Horizontal Well)
Target
Deep Permian Sequence
Resource Estimate
1.73 TCF (2C), 4.50 TCF (3C) gross contingent gas
Overview
The Canyon Project is Omega Oil and Gas’ flagship project, located in the Taroom Trough — an emerging frontier for Australian oil and gas.
With strong results and significant resource potential, The Canyon Project is paving the way for a new phase of energy development in the region.
The Canyon Project cross section.
Successful Drilling
Canyon-1H reached target depth with excellent well integrity
Fracture Stimulation
Multi-stage hydraulic stimulation completed in March 2025
Confirmed Overpressure
DFIT confirmed 0.79 psi/ft — strong reservoir pressure
Flowback and Testing Underway
Strong oil and gas flows
Canyon-1H Flow Test Results
Peak Oil Rate: 452 BOPD
Peak Gas Rate: 0.6 MMSCFD
Sustained 24hr Flow: 321 BOPD and 0.472 MMSCFD
Oil Quality: 49.5 API – a high quality light crude oil
These results confirm the presence of a large, high-quality, liquids-rich petroleum system in the Taroom Trough.
Read Full Results
From the Frontier
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