Drilling at Canyon-4, Extends OMAs Play-Defining Campaign

Key points

• Drilling has started at Canyon-4, second well in 2026/27 appraisal program
• Canyon-4 is 8km south of successful Canyon-3 well
• Results expected to support expansion of resource base in Taroom Trough

Full summary

Omega Oil & Gas has initiated drilling operations at Canyon-4, the second well in its 2026/27 appraisal program. Canyon-4, located approximately 8km south of the highly successful Canyon-3 well, aims to confirm the continuous nature of the Permian oil and gas-bearing sandstone reservoirs. The drilling campaign seeks to expand Omega's resource base in the Taroom Trough. Canyon-4 results are expected around the end of September, with further wells planned to extend evidence of the resource scale. Omega remains fully funded for its appraisal program.

Guidance

Results from Canyon-4 expected around the end of September

Outlook

Omega's play-defining appraisal program will provide a pipeline of value catalysts over the next 12 months