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Tri-Star sees echoes of game-changing US shales at Omega’s Canyon-1H discovery

Summary by Stockhead
Omega investor Tri-Star says the Canyon-1H is a material oil and gas discovery High pore pressures of Canyon Sandstone will help wells clean up faster and increase recovery factors Canyon compares very favourable with US unconventional liquids-rich shales   Omega Oil & Gas raised more than a few eyebrows when its Canyon-1H horizontal well in the Taroom Trough, Queensland, flowed significant quantities of light oil along with gas rather than pump…
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Stockhead broke the news in on Monday, March 31, 2025.
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