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Omega Oil & Gas (ASX:OMA) has tantalised shareholders with reports of “strong gas shows and indications of condensate” at its Canyon-1H well. With drilling now complete, the next big catalyst for the company’s share price will be the testing program in Q1 2025 that aims to determine whether or not its Canyon acreage is conducive towards a commercially feasible fracking operation. The well was drilled to a total depth of 4,616m, though stopped there as a downhole tool failed. But, Omega reported on Friday, by that point, the drillers had gotten deep enough. Cement has for now been placed in the…

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