Omega Oil & Gas Limited (AU:OMA)
ASX:OMA
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Omega Oil & Gas Limited
(Sydney:OMA)
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Rating:56Neutral
Price Target:
AU$0.80
▲(2.95% Upside)
Action:ReiteratedDate:04/01/26
The score is held back primarily by weak financial performance (recurring losses and negative operating/free cash flow), partially offset by a strong low-debt balance sheet. Technicals are supportive (price above major moving averages and positive MACD) but overbought readings raise near-term risk, while valuation is constrained by a negative P/E and no dividend yield.
Positive Factors
Low Leverage / Strong Balance Sheet
The balance sheet shows extremely low leverage and a meaningful equity increase to ~50.4m, providing a sizable capital buffer for an exploration-stage company. This reduces refinancing and default risk, supports multi-stage exploration spending, and enhances optionality for farm-outs or joint ventures over the medium term.
Negative Factors
Persistent Cash Burn
Operating cash flow has been negative across all reported years, reflecting ongoing cash burn to sustain exploration and development. Persistent negative OCF forces reliance on external financing or equity issuance, increasing dilution risk and creating execution pressure to commercialize assets before funding constraints bind.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage / Strong Balance Sheet
The balance sheet shows extremely low leverage and a meaningful equity increase to ~50.4m, providing a sizable capital buffer for an exploration-stage company. This reduces refinancing and default risk, supports multi-stage exploration spending, and enhances optionality for farm-outs or joint ventures over the medium term.
Read all positive factors
Omega Oil & Gas Limited (OMA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$365.14M
Dividend YieldN/A
Average Volume (3M)980.49K
Price to Earnings (P/E)―
Beta (1Y)1.34
Revenue GrowthN/A
EPS Growth-24.49%
CountryAU
EmployeesN/A
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.01
Shares Outstanding468,122,300
10 Day Avg. Volume1,001,260
30 Day Avg. Volume980,487
Financial Highlights & Ratios
PEG Ratio-0.68
Price to Book (P/B)1.78
Price to Sales (P/S)0.00
P/FCF Ratio-35.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.56Price Target Upside-28.21% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.01
Revenue Forecast (FY)AU$800.00K
Omega Oil & Gas Limited Business Overview & Revenue Model
Company Description
Omega Oil & Gas Limited, an energy and resources company, explores for and produces natural gas and oil. It holds two exploration permits, Authorities to Prospect 2037 and 2038; and Petroleum Lease 17, a petroleum lease in the Surat-Bowen Basin lo...
How the Company Makes Money
Omega Oil & Gas Limited generates revenue by exploring, developing, and producing oil and gas reserves. The company monetizes its hydrocarbon discoveries through the extraction and sale of crude oil and natural gas to domestic and international ma...
Omega Oil & Gas Limited Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
74
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 78.45K | 0.00 | 0.00 |
| Gross Profit | -60.50K | -78.70K | -126.04K | 38.06K | -32.91K | 0.00 |
| EBITDA | -6.58M | -3.77M | -2.68M | -4.99M | -1.94M | -760.55K |
| Net Income | -5.78M | -3.86M | -2.22M | -5.34M | -2.01M | -2.09M |
Balance Sheet | ||||||
| Total Assets | 111.32M | 53.23M | 42.27M | 25.41M | 19.91M | 3.19M |
| Cash, Cash Equivalents and Short-Term Investments | 43.40M | 7.83M | 17.28M | 2.16M | 14.88M | 384.59K |
| Total Debt | 254.06K | 28.21K | 65.91K | 227.08K | 2.94M | 0.00 |
| Total Liabilities | 2.95M | 2.83M | 3.41M | 5.38M | 523.51K | 1.26M |
| Stockholders Equity | 108.37M | 50.40M | 38.86M | 20.03M | 19.39M | 1.93M |
Cash Flow | ||||||
| Free Cash Flow | 2.94M | -2.54M | -6.13M | -17.16M | -3.45M | -797.79K |
| Operating Cash Flow | 3.18M | -2.36M | -1.80M | -4.04M | -3.45M | -797.79K |
| Investing Cash Flow | -28.78M | -21.80M | -3.83M | -15.63M | 0.00 | -3.32M |
| Financing Cash Flow | 54.32M | 14.71M | 20.76M | 19.51M | 5.39M | 4.63M |
Omega Oil & Gas Limited Technical Analysis
Positive
0.78
Price Trends
0.54
Positive
0.46
Positive
0.41
Positive
Market Momentum
0.04
Negative
75.79
Negative
75.68
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:OMA, the sentiment is Positive. The current price of 0.78 is above the 20-day moving average (MA) of 0.60, above the 50-day MA of 0.54, and above the 200-day MA of 0.41, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 75.79 is Negative, neither overbought nor oversold. The STOCH value of 75.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:OMA.
Omega Oil & Gas Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
56 Neutral | AU$365.14M | -12.82 | -8.03% | ― | ― | -24.49% | |
45 Neutral | AU$18.07M | -5.83 | -1.81% | ― | ― | 89.19% | |
44 Neutral | AU$3.14M | -0.67 | -43.43% | ― | -26.88% | 24.00% | |
43 Neutral | AU$6.16M | -4.09 | 3.55% | ― | -16.79% | -205.26% | |
42 Neutral | AU$2.13M | -2.99 | -29.94% | ― | ― | 53.72% |
* Energy Sector Average
AU:OMA
Omega Oil & Gas Limited
0.78
0.50
173.68%
AU:BLU
Blue Energy Limited
0.01
0.00
0.00%
AU:WEL
Winchester Energy Ltd
―
―
―
AU:SHE
Stonehorse Energy Ltd
0.01
<0.01
10.00%
AU:KEY
Key Petroleum Limited
0.06
0.01
29.79%
Omega Oil & Gas Limited Corporate Events
Omega Oil & Gas Releases Interim Half-Year Financial Report
Mar 12, 2026
Omega Oil Gas Limited has released its interim financial report for the half year ended 31 December 2025, presenting consolidated financial statements in Australian dollars. The report, authorised by the board on 12 March 2026, includes key finan...
Omega secures H&P rig for expanded Taroom Trough drilling push
Mar 2, 2026
Omega Oil Gas has secured Helmerich Payne’s high-performance FlexRig 648 for an expanded, continuous drilling and appraisal campaign in the Taroom Trough over 2026–27. The contract covers three firm and six optional wells, enabling a...
Omega Oil & Gas Secures $10.56m R&D Refund to Fund 2026 Drilling Push
Mar 1, 2026
Omega Oil Gas has received a refundable RD tax offset of $10.56 million covering FY24 and FY25, significantly strengthening its balance sheet. The refund arises from the Australian Government’s RD Tax Incentive, under which smaller companie...
Omega expands Taroom Trough footprint with major new acreage award
Feb 9, 2026
Omega Oil Gas has been awarded a 750 square kilometre exploration block in Queensland’s Taroom Trough as operator of a joint venture with Tri-Star EP and Beach Energy, expanding its operated position north of its existing Potentially Commer...
Omega Oil & Gas Deepens Taroom Trough Exposure With Elixir Stake and Major 2026 Drilling Push
Jan 28, 2026
Omega Oil Gas has completed a $14.6 million investment in Elixir Energy, securing a 19.43% equity stake and nominating two directors to Elixir’s board, a move designed to expand its footprint and influence across the Taroom Trough and gain ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.