Omega Oil & Gas Limited is an energy and resources company focused on natural gas exploration and oil production. The Company holds two explorations permits (ATP 2037 and 2038) and a petroleum licence (PL 17) in the Surat-Bowen Basin in South-East Queensland, Australia.
Following its IPO, Omega intends to execute a two well drilling campaign across both, ATP 2037 and 2038, focusing on the Kianga Formation in the Permian. This drilling campaign seeks to understand two things; validate basin centred play, specifically the feasibility of commingled multi-facies production in the Taroom Trough and to prove commercial prospectivity of the Permian Deep Gas by the application of a fit-for-purpose low cost well design.
The success of these activities will ultimately prove viability of future gas and liquids development. This drilling campaign, if successful, will materially de-risk the Taroom Trough as a future gas producer in the years to come.
It is anticipated that OMA will list on the ASX during October 2022.
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