Article originally published by Stockhead.

Just a fortnight ago QLD-focused State Gas Limited (ASX:GAS) attracted a $7 million investment from leading energy sector experts St Baker – who’re headed by Trevor St Baker, has a strong track record of successful energy sector investments in Australia and overseas.

The investment comes at a time of unprecedented market upheaval and the East Coast faces a growing shortfall in gas supplies, and everyone is scrambling to secure new supplies to ensure energy security.

It certainly bodes well for Omega Oil & Gas (ASX:OMA), who has high hopes for its two exploration permits in South East Queensland, ATP 2037 and ATP 2038, smack bang in the Surat Basin, which is hot property right now.