Latest Taroom Trough News

Omega Oil & Gas is drilling ahead at the Canyon-3 appraisal well in Queensland’s Taroom Trough, targeting extensive Permian reservoirs that could define a significant new oil and gas province.

Beach Energy (ASX:BPT) reported a 742% jump in net profit to $281 million for FY26 despite a 9% revenue decline, driven by Waitsia Gas Plant reaching full capacity and stringent cost control. The company declared a fully franked final dividend of 2 cents per share.

Omega Oil & Gas has kicked off its most ambitious drilling program yet in Queensland’s Taroom Trough, starting with the Canyon-3 well as part of a fully funded 2026/27 appraisal campaign targeting significant unconventional oil and gas resources.

Elixir Energy has advanced its Queensland Taroom Trough gas projects with successful stimulation and flow testing at Lorelle-3H, a new contingent resource booking at ATP2057, and a pipeline feasibility agreement with APA Group.

Omega Oil & Gas has kicked off a fully funded drilling program in Queensland’s Taroom Trough, backed by a strong $102 million cash position and no debt, aiming to unlock significant oil and gas volumes.

Beach Energy delivered a solid FY26 with 19.4 MMboe production, a record 18 months without injuries, and a key Otway Basin asset sale freeing $500 million capital.

Omega Oil & Gas has kicked off its fully funded 2026/27 drilling program in Queensland’s Taroom Trough, aiming to unlock significant oil and gas volumes with a multi-well campaign focused on the basin’s eastern flank.

Elixir Energy’s Lorelle-3H appraisal well in Queensland’s Taroom Trough has completed its initial clean-up phase, delivering promising dual phase flow rates and preparing for a critical tubing run to stabilise production before resuming testing.

Elixir Energy's Lorelle-3H appraisal well in Queensland's Taroom Trough has begun flowing gas after a successful flowback phase, indicating promising potential for commercial gas-condensate production.

Elixir Energy has wrapped up a 12-stage fracture stimulation at its Lorelle-3H appraisal well in Queensland’s Taroom Trough, placing all proppant as planned. The company is now milling out plugs ahead of a 30-day gas-condensate flow test that could validate commercial production potential.

Omega Oil & Gas has secured full funding for its 2026/27 appraisal campaign targeting the Taroom Trough, positioning the company to advance one of Australia’s most promising unconventional oil and gas plays.

Elixir Energy has successfully completed a key pressure test on its Lorelle-3H well in Queensland’s Taroom Trough, confirming reservoir conditions and increasing planned stimulation stages from 11 to 12. Stimulation operations are set to start imminently, aiming to prove commercial gas and condensate flow.