Omega Oil & Gas Limited (AU:OMA) has released an update.
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Omega Oil & Gas Limited has successfully raised A$6.5 million through an oversubscribed placement of shares to fund its Canyon Gas Project, particularly the Canyon-1H well. The capital injection was strongly supported by both existing shareholders and new quality investors, highlighting confidence in Omega’s potential to tap into the emerging Taroom Trough gas source in Eastern Australia. This financial boost aims to accelerate the company’s appraisal activities and early development planning, positioning Omega for strategic expansion and responsiveness to business opportunities.
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