OMA Awarded Prospective Taroom Trough Acreage - Inc Area 63%

Key points

• Beach Energy's joint venture awarded 1,138km2 land in Taroom Trough
• Total operated acreage increases by 63% to 2,947km2
• Land area expected to enhance resource potential and development targets

Full summary

Beach Energy Ltd, through its joint venture with Omega Oil & Gas and Tri-Star E&P Ltd, has been awarded a new land area in the Taroom Trough, Southern Queensland. This award expands their operated acreage by 63%, from 1,809km2 to 2,947km2, and provides access to the highly prospective eastern flank of the basin. The new land area is expected to enhance the joint venture's resource potential and development targets, supporting their ongoing appraisal program and commitment to developing a new domestic source of energy.