Omega Oil & Gas Limited ( (AU:OMA) ) just unveiled an update.
Omega Oil and Gas Limited announced the successful completion of the fracture stimulation program at its Canyon-1H horizontal well in the Taroom Trough, Queensland. The program, executed by Halliburton, was completed on schedule and has shown promising initial results with gas and condensate flows observed at the surface. This marks a significant milestone for Omega as it begins the flowback testing phase to evaluate the reservoir’s performance and the commercial viability of the Canyon field.
More about Omega Oil & Gas Limited
Omega Oil and Gas Limited is an energy company operating in the Bowen Basin, Queensland, focusing on the exploration and development of gas resources. The company holds 100% interest in Potential Commercial Areas 342 and 343, emphasizing its commitment to harnessing the commercial potential of these regions.
YTD Price Performance: 23.53%
Average Trading Volume: 506,642
Technical Sentiment Consensus Rating: Sell
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