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The latest update is out from Omega Oil & Gas Limited ( (AU:OMA) ).
Omega Oil and Gas Limited has issued 43,870,401 fully paid ordinary shares as part of Tranche 2 of its Placement, following shareholder approval. This move reflects Omega’s strategic efforts to bolster its financial position and operational capabilities, potentially enhancing its market presence and stakeholder value in the energy sector.
The most recent analyst rating on (AU:OMA) stock is a Buy with a A$0.85 price target. To see the full list of analyst forecasts on Omega Oil & Gas Limited stock, see the AU:OMA Stock Forecast page.
More about Omega Oil & Gas Limited
Omega Oil and Gas Limited (ASX: OMA) is an Australian exploration company focused on the oil and gas potential of Queensland’s Taroom Trough in the Bowen Basin. Founded in 2020, Omega has made significant hydrocarbon discoveries, particularly at the Canyon-1H well, and is positioned to contribute to Australia’s energy future.
Average Trading Volume: 920,189
Technical Sentiment Signal: Buy
Current Market Cap: A$163.3M
For detailed information about OMA stock, go to TipRanks’ Stock Analysis page.