IN THE MEDIA
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19 March 2025
Morgans backs Omega’s push to generate value from its Taroom gas assets
Stockbroker Morgans has initiated coverage on Omega Oil & Gas (ASX:OMA) as a speculative buy with a price target of 64c (versus the current price of 37c) as it prepares to announce results from its Canyon-1H flow testing. OMA is focused on unlocking the potential of the Taroom Trough gas play in Queensland’s southern Bowen Basin, one of a handful of areas that could address the gas supply woes that Australia’s east…
17 March 2025
Mind the gap: New sources of gas supply
Australians struggle to comprehend how one of the world’s three largest gas exporters might need to import liquefied natural gas (LNG) to plug a looming shortfall caused by falling East Coast production. Failure is an orphan, and this is one of Australia’s greatest policy failures, says Andrew Richards, Chief Executive of the Energy Users Association of Australia (members include big manufacturers BlueScope Steel, Brickworks…
13 March 2025
Omega records early gas flows after completing Canyon-1H fracture stimulation
Omega Oil and Gas has flowed gas and condensate to surface at its Canyon-1H horizontal well in the Taroom Trough, Queensland, after successfully completing fracture stimulation work. The frac program was started on March 4 and was completed by the contractor – global services provider Halliburton – in line with the company’s schedule with all eight stages completed and 100% of the proppant placed…
27 February 2025
Omega Oil and Gas set to fly out the blocks with Canyon-1H fracture stimulation program
Omega Oil and Gas is preparing to start the much anticipated fracture stimulation program at its Canyon-1H horizontal well in Queensland’s Taroom Trough on the 2nd of March 2025. All camp facilities and catering services have already been deployed and commissioned while flowback and production testing equipment, along with associated personnel, are now on-site…
18 February 2025
Australia’s Omega appoints Martin Houston as Chairman
Australia’s Omega Oil & Gas has appointed Martin Houston, former chief operating officer of BG and co-founder of Tellurian, as non-executive chairman. OMA said on Monday Houston brings over four decades of global experience in the oil and gas industry, including leadership roles in exploration, production, and liquefied natural gas (LNG). Houston retired from BG, now part of LNG giant Shell, in 2014 as COO and…
18 February 2025
Australia’s Omega appoints Martin Houston as Chairman
Australia’s Omega Oil & Gas has appointed Martin Houston, former chief operating officer of BG and co-founder of Tellurian, as non-executive chairman. OMA said on Monday Houston brings over four decades of global experience in the oil and gas industry, including leadership roles in exploration, production, and liquefied natural gas (LNG). Houston retired from BG, now part of LNG giant Shell, in 2014 as COO and…
18 February 2025
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…
13 February 2025
Omega Oil & Gas (OMA) | Bell Potter Unearthed Conference 2025
Trevor Brown, Managing Director and Chief Executive Officer at Omega Oil & Gas (OMA) presents at the Bell Potter Unearthed Conference 2025…
10 February 2025
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…
6 February 2025
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…
5 February 2025
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….
30 January 2025
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…
30 January 2025
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…
30 January 2025
Funds injection for Taroom Trough gas player
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…
30 January 2025
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…
28 January 2025
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…