Article originally published by Energy News Bulletin.

QUEENSLAND gas developer Tri-Star Group will take a 15% stake via a placement in recently-listed Omega Oil and Gas and collaborate on new exploration and appraisal projects in the Bowen Basin.

Tri-Star said it would appoint a director to Omega’s board and the venture would use capital from the strategic investment to appraise two exploration permits in the Surat and Bowen Basin.