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Omega Oil & Gas Limited ( (AU:OMA) ) has shared an update.
Omega Oil and Gas Limited announced successful results from the Canyon-1H flow test, indicating a promising oil and gas province in Eastern Australia. The company is advancing its appraisal program, with Canyon-2 confirming attractive oil and gas intervals. Omega has extinguished a legacy production royalty, enhancing its potential for commercial activities, and is planning further seismic and drilling operations while engaging in strategic partnerships.
The most recent analyst rating on (AU:OMA) stock is a Buy with a A$0.64 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 is a company operating in the oil and gas industry, focusing on exploration and production. It holds 100% interest in the Canyon Gas Field and the Bennett Oil Field, with a market focus on developing these assets in Eastern Australia.
Average Trading Volume: 402,379
Technical Sentiment Signal: Buy
For a thorough assessment of OMA stock, go to TipRanks’ Stock Analysis page.