Omega Oil & Gas Limited (AU:OMA) has released an update.
Omega Oil & Gas Limited has begun mobilizing the high-capacity Ensign Rig #965 to its Canyon-1H gas field, with drilling expected to start around September 20, 2024. This strategic move follows the rig’s recent deployment nearby, reducing operational risks for Omega’s debut horizontal well in the gas-rich Taroom Trough. The company aims to unlock substantial gas reserves using advanced drilling and hydraulic fracture stimulation techniques.
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