Omega Oil & Gas Limited (AU:OMA) has released an update.
Omega Oil & Gas Limited has secured Potential Commercial Areas (PCA) designations for their Canyon Gas Project, ensuring tenure security for 15 years and supporting planned investments to tap into the significant gas resources in the Southern Taroom Trough. The Queensland Government’s approval for PCA 342 and PCA 343, which cover over 1,000 square kilometers, underscores the area’s potential to impact the East Coast Gas Market, especially with the upcoming drilling and flow-testing of the Canyon-1H well.
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