Eastern Gas Corporation has initiated drilling of the Venus-2H horizontal appraisal well in Queensland’s Surat Basin, marking a significant advancement in evaluating its contingent gas resources and potential commercial development.
Omega Oil and Gas has secured a 19.43% stake in Elixir Energy, positioning itself for a major drilling push in Queensland’s Taroom Trough during 2026. Backed by a strong balance sheet, Omega aims to unlock significant gas and oil resources across multiple projects.