Article originally published by The Australian.

Omega Oil & Gas has broken out the bubbly, after intersecting a total of 293m of gas and liquid hydrocarbon shows at the Canyon-2 well during its Permian deep gas exploration in Queensland’s Bowen Basin.

The well is in the highly prospective gas-saturated Kianga Formation – which has an independent prospective resource of 3 trillion cubic feet of gas and 233 million barrels of associated liquids.

The Kianga Formation is the primary target of the current exploration program and was intersected at 3367m.

Gas, while drilling, was recorded over the entire 221m interval of the Kianga Formation.