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Omega Oil & Gas Launches Major Drilling Campaign with $102 Million Cash
8:37am on Tuesday 28th of July, 2026 AEST
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Energy
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Omega Oil & Gas Launches Major Drilling Campaign with $102 Million Cash
8:37am on Tuesday 28th of July, 2026 AEST
Key Points
Strong $102 million cash balance with zero debt
Commencement of 2026/27 drilling program with four vertical and up to two horizontal wells
Rapid land access secured for ATP 2081 well locations
Focus on eastern Taroom Trough’s multiple Permian reservoirs
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