Omega Oil & Gas Records Queensland’s Deepest Well with Highest Ever Gas Shows at Canyon North-1
(Image source: Canva)
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Beach Energy Limited (ASX: BPT) announced on 13 November 2026 that Omega Oil & Gas Limited has provided an operational update on the Canyon North-1 well in ATP 2081, for which BPT owned 25% of the joint venture. Canyon North-1 exploration well has reached a total depth of 4,700 metres measured depth (MD) in basement rock, making it the deepest well drilled in Queensland, Australia.
It was originally planned for 4,000 metres MD to fully penetrate the Muggleton Formation, based on the encouraging results recorded over this interval at Canyon-4.
The Muggleton Formation drilling has consistently shown extremely high gas output with gas influx into the wellbore.
The lower Kianga Formation and Canyon Sandstone intervals drilling has also encountered high gas shows. It was also encountered with consistent high pore pressures obtained in the Canyon-1H DFIT.
It is expected the release of Canyon North-1 results following completion of logging and evaluation. Canyon North-2 is scheduled to follow immediately after Canyon North-1. The core results are expected to be incorporated into geologic assessments during 4Q 2026 and 1Q 2027.
The upgrading resource assessment is targeted for Q1 2027. Following Canyon North-2, it is expected to drill at least one or potentially two horizontal appraisal wells across Omega’s operated acreage with laterals of up to 2,000 metres, with flow testing in 1H 2027, subject to well results and joint venture approval.
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