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An update from Omega Oil & Gas Limited ( (AU:OMA) ) is now available.
Omega Oil & Gas Limited has signed a binding Letter of Intent with Helmerich & Payne (Australia) Drilling Pty Ltd for the provision of Rig 648 for its Taroom Trough appraisal program. This agreement marks a significant step in Omega’s Canyon Project, which targets unlocking substantial gas and liquids resources in the Permian unconventional play. The program, set to commence in mid-May 2026, aims to de-risk the subsurface and demonstrate the scale of the resource potential. With a strong balance sheet and strategic shareholders, Omega is well-positioned to deliver sustainable growth and long-term shareholder value.
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 & Gas Limited operates in the energy sector, focusing on the exploration and development of unconventional gas and liquids resources. The company is engaged in projects that aim to enhance domestic energy security and explore future LNG opportunities.
Average Trading Volume: 907,473
Technical Sentiment Signal: Buy
Current Market Cap: A$152.7M
See more insights into OMA stock on TipRanks’ Stock Analysis page.