OMEGA Oil & Gas has come up trumps with its Canyon-2 exploration well onshore Queensland, Australia, which the upbeat operator claimed could help unlock trillions of cubic feet in gas reserves. The Canyon-2 wildcat intersected 293 metres of gas and associated liquids hydrocarbon shows within the Kianga formation and upper Back Creek group. Omega said these intersections correlate with historic discoveries including Shell's Tasmania-1 gas find. Canyon-2 is also a continuation of the Cabawin-1 oil discovery that was cased, completed and put into production from the upper part of the Kianga formation back in the 1960s. Australian independent Omega is now preparing to run wireline logs on Canyon-2 before casing and suspending the well for future completion before hydraulic stimulation and flow testing.
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