Omega Oil & Gas Limited ( (AU:OMA) ) just unveiled an announcement.
Omega Oil and Gas Limited announced a successful flow test of its Canyon-1H well in the Taroom Trough, indicating promising reservoir properties comparable to top US unconventional liquids areas. The company is preparing for further data acquisition and work programs, including seismic and drilling activities, to enhance resource development and explore strategic partnerships.
More about Omega Oil & Gas Limited
Omega Oil and Gas Limited is a company focused on oil and gas exploration and development, holding 100% of Potential Commercial Areas 342 and 343 in Queensland’s Bowen Basin. The company is involved in evaluating and commercializing oil and gas plays, with a focus on unconventional liquids production.
YTD Price Performance: -29.41%
Average Trading Volume: 787,945
Technical Sentiment Signal: Buy
See more data about OMA stock on TipRanks’ Stock Analysis page.