Article originally published by Stockhead.

Omega is progressing the drilling of its first Permian deep gas exploration well and has already received encouraging confirmation that gas is present.

The company recorded a gas show at a depth of 2,736m when drilling the potentially high-impact Canyon-2 well through the Showgrounds Sandstone.

Whilst the Showground Sandstone is not a target interval and will not be evaluated in this well, Omega Oil & Gas (ASX:OMA) noted that the show confirms that gas has been moving through and has been trapped in the geologic section in ATP 2038.