Omega Oil & Gas Limited ( (AU:OMA) ) has issued an announcement.
Omega Oil and Gas Limited is set to commence its Canyon-1H fracture stimulation program on March 2, 2025, marking a significant milestone for the company. The successful execution of this program aims to demonstrate potentially commercial flow rates from the Canyon Sandstone, aligning with Omega’s strategic objectives of enhancing shareholder value and contributing to energy security in Eastern Australia. All necessary equipment and personnel have been mobilized to the site, and the commencement of this program represents years of planning and commitment from the Omega team and its investors.
More about Omega Oil & Gas Limited
Omega Oil and Gas Limited is a company operating in the energy sector, focusing on the exploration and development of oil and gas resources. The company holds 100% of Potential Commercial Areas 342 and 343 in Queensland’s Bowen Basin, with a market focus on enhancing shareholder value and contributing to energy security in Eastern Australia.
YTD Price Performance: 17.65%
Average Trading Volume: 395,860
Technical Sentiment Consensus Rating: Sell
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