Omega Oil & Gas Limited (AU:OMA) has released an update.
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Omega Oil & Gas Limited is making significant strides in its Canyon-1H horizontal appraisal well project, with drilling progressing smoothly and over 550 meters of the horizontal section completed. The company has reported strong gas shows and the presence of condensate in the Canyon Sandstone target interval, as they aim to achieve potentially economic flow rates. Completion of the drilling is expected soon, with rig release anticipated by the end of October.
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