Highlights

• Omega Oil & Gas (ASX:OMA) gained after reporting Canyon-3 appraisal results from the Taroom Trough project.
• Canyon-3 intersected 170 metres of net oil and gas pay across multiple reservoir layers.
• The well identified improved reservoir characteristics compared with the earlier Canyon-1 discovery.
• Further appraisal activity is planned to assess the broader hydrocarbon system.

Omega Oil & Gas Limited (ASX:OMA) gained attention from investors after reporting results from the Canyon-3 appraisal well, which delivered improved reservoir characteristics and confirmed additional oil and gas pay zones at the company’s Taroom Trough discovery in the Bowen–Surat Basin …