Omega Oil & Gas (ASX:OMA) is advancing a range of options for its future work programs following the successful flow test of its Canyon-1H horizontal well in Queensland's Bowen Basin, according to a Monday filing with the Australian bourse.
The company is now focused on evaluating additional data from the Canyon-2 vertical well while preparing for drilling, testing, and seismic programs to further its oil and gas commercialization efforts, the filing said.
The company's future work programs include seismic acquisition, further well drilling, and testing, the filing added.
Omega is fully funded for its planned evaluation and early-stage work while it is in discussions with several international and domestic strategic partners, the company added.
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