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OMEGA OIL & GAS LIMITED

Omega Oil and Gas Ltd is an Australia-based oil and gas company. The Company operates... Omega Oil and Gas Ltd is an Australia-based oil and gas company. The Company operates three tenements 100% in Queensland being, ATP 2037, ATP 2038, and PL17. ATP 2037 and ATP 2038 are collectively known as the Canyon Gas Field project. PL17 is known as the Bennett Oil Field. The Company’s two exploration permits in the Surat Basin in Southeast Queensland, ATP 2037 and ATP 2038 represent an area of over 250,000 acres and are located approximately 50 kilometers (km) away from critical gas transmission infrastructure. The Bennett oilfield produces 45° American Petroleum Institute (API) oil from the Lower Jurassic and Upper Precipice Sandstone.More