Omega Oil and Gas Boosts Taroom Trough Commercialisation Options on Removing Liquids Royalty

Omega Oil and Gas boosts Taroom Trough commercialisation options on removing liquids royalty

Omega Oil and Gas reaches deal to extinguish legacy 3% gross overriding royalty interest over Taroom Trough assets Company to pay TAG Oil US$1m to remove the royalty Royalty removal grants company greater flexibility to pursue commercialisation options   Special Report: Omega Oil and Gas has greater flexibility to pursue commercialisation of its Taroom Trough assets after reaching an agreement to extinguish a legacy 3% gross overriding royalty o…

Omega frees Taroom Trough oil from royalty obligation

Omega Oil and Gas has completed an agreement with TAG Oil to extinguish a legacy royalty deed attached to its Taroom Trough tenements in the southern Bowen Basin. Omega will pay TAG about $1.5 million ($US1 million) to extinguish the royalty deed. The deed had entitled TAG to a 3 per cent gross overriding royalty […] Thank-you for your interest in iQ Industry Queensland. We invite you to purchase a registration through iQ Industry Queen…