By Digifin Pty Ltd · About this coverage
Key Points
- Omega-led JV preferred tenderer for PLR2026-1-10 covering 1,138km2
- JV interests: Omega 45% and Operator, Tri-Star 30%, Beach Energy 25%
- Omega says operated acreage rises 63% from 1,809km2 to 2,947km2
- Tenure grant remains subject to Queensland Government processes
- Canyon-4 appraisal well progressing; campaign is 4 vertical and 1 or 2 horizontal
About Omega Oil & Gas (ASX:OMA)
Omega Oil & Gas Limited is an ASX-listed oil and gas exploration company headquartered in Brisbane. It holds exploration permits over the Taroom Trough in Queensland's Bowen Basin, where its Canyon discovery is its main asset. The company is pre-production and derives no revenue from the sale of hydrocarbons.
An Omega-led joint venture has been selected as preferred tenderer for a new Queensland Taroom Trough land release, expanding Omega's operated acreage if the tenure is granted.
The joint venture comprises Omega Oil & Gas Limited (ASX:OMA) (45% and Operator), Tri-Star E&P Ltd (30%) and Beach Energy Limited (25%), selected for PLR2026-1-10 covering 1,138km2 within the eastern flank and southernmost part of the Taroom Trough. Omega says the award expands its operated acreage by 63% from 1,809km2 to 2,947km2 and adjoins its 100% owned Canyon PCA area (PCA 342 and PCA 343). Omega's 2026/27 appraisal campaign continues on schedule with the Canyon-4 vertical well progressing toward the primary objective Canyon Sandstone interval; the campaign comprises 4 vertical wells and 1 or 2 horizontal wells.
Tenure grant remains subject to completion of the Queensland Government's processes. The release does not state work-program commitments, bid terms or resource estimates for the new acreage.
Source: Omega Oil & Gas Limited (ASX:OMA), 17 September 2026. Summary content supplied by Digifin Pty Ltd.
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