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Omega Oil & Gas Limited ( (AU:OMA) ) has issued an announcement.
Omega Oil & Gas Limited announced a successful quarter marked by significant oil and gas discoveries at the Canyon-1H well in the Taroom Trough, exceeding pre-drill expectations. The company is fully funded for the next appraisal phase, with plans for seismic acquisition and drilling underway. The appointment of Martin Houston as Chair and a $7M institutional placement further strengthen Omega’s position, highlighting its potential for accelerated development and increased acreage value.
More about Omega Oil & Gas Limited
Omega Oil & Gas Limited is a company operating in the oil and gas industry, holding 100% of Potential Commercial Areas 342 and 343 in Queensland’s Bowen Basin. The company focuses on exploring and developing oil and gas resources, utilizing technologies such as horizontal drilling and fracture stimulation to achieve commercial flows.
YTD Price Performance: -30.88%
Average Trading Volume: 897,028
Technical Sentiment Signal: Buy
For detailed information about OMA stock, go to TipRanks’ Stock Analysis page.