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Omega Oil & Gas Limited ( (AU:OMA) ) just unveiled an announcement.
Omega Oil and Gas has successfully completed a Diagnostic Fracture Injection Test (DFIT) at the Canyon-1H horizontal appraisal well in the Bowen Basin, confirming significant overpressure and favorable reservoir properties in the Canyon Sandstone. These results enhance confidence for the upcoming Canyon-1H multi-stage fracture stimulation and flowback program, expected to begin at the end of February 2025, potentially strengthening Omega’s operational capabilities and industry positioning.
More about Omega Oil & Gas Limited
Omega Oil and Gas Limited, listed on the Australian Securities Exchange under the ticker OMA, operates in the energy sector with a focus on gas exploration and production. The company holds 100% interest in the Potential Commercial Areas 342 and 343 located in the Bowen Basin, Southern Queensland, known for its Canyon Gas Field project.
YTD Price Performance: -4.41%
Average Trading Volume: 296,559
Technical Sentiment Consensus Rating: Sell
For an in-depth examination of OMA stock, go to TipRanks’ Stock Analysis page.