Omega Oil & Gas Limited
AASX:OMA0.80
AUD
+0.02
(+1.92%)
ISIN
AU0000237729
Return %
Stock
S&P 500
1Y
103.85
14.20
3Y
367.65
81.12
5Y
- -
68.34
Capital Structure
AUD
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AUD
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in mil. unless spec.Growth Rates
AUD
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in mil. unless spec.Semi-annual Revenue
AUD
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in mil. unless spec.Semi-annual Earnings Per Share
AUD
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in mil. unless spec.Semi-annual Dividends Per Share
AUD
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in mil. unless spec.Company Description
- CEO
- Trevor Brown
- Full Time Employees
- - -
- Sector
- Energy minerals
- Industry
- Oil & gas production
- Address
- 410 Queen Street Brisbane QLD Australia 4000
- IPO Date
- Oct 25, 2022
- Website
- omegaoilandgas.com.au
- Similar Companies
- Business
- Omega Oil & Gas Limited (ASX: OMA) is an Australian oil and gas exploration company focused on unlocking conventional and unconventional resources in Queensland's Taroom Trough within the south Bowen Basin and Surat Basin; it holds 100% interest in Authority to Prospect 2037 and 2038 encompassing the flagship Canyon Project, where it advances appraisal activities including the drilling and fracture stimulation of Canyon-1H and Canyon-2 wells targeting the Permian Kianga Formation Canyon Sandstone with independently assessed gross contingent gas resources of 1.73 TCF (2C) and 4.50 TCF (3C), prospective gas resources of 3 TCF and 233 million barrels of associated liquids, and confirmation of liquids-rich gas, overpressure, and average porosity exceeding 9%; the company also evaluates the Bennett Oil Project in Petroleum Lease 17 with pre-production development on Bennett-1 and Bennett-4 wells proven viable for long-term production, alongside a strategic review and farm-in partner engagement. Founded in 2020 and headquartered at Level 3A, 243 Edward Street, Brisbane, Queensland, Omega operates exclusively in southeast Queensland targeting domestic energy markets to address Eastern Australia's gas supply shortfall. In recent developments, the company raised A$46 million through an oversubscribed institutional placement in September 2025 at A$0.41 per share with cornerstone support from the Flannery family and Tri-Star Group, bolstering its balance sheet to approximately A$70 million by June 2026 inclusive of cash and R&D receipts to fund Canyon Project delineation drilling of three vertical wells and optional horizontals from 2026, hydraulic stimulation and flow testing, business development, and potential acreage acquisitions under an Area of Mutual Interest with Tri-Star and Beach Energy; it executed a binding agreement to acquire a 19.43% equity interest in Elixir Energy Limited for up to A$14.6 million, expanding its Taroom Trough position, pivoted to horizontal drilling and multi-stage fracture stimulation at Canyon-1H commencing March 2025 following a positive Diagnostic Fracture Injection Test in January 2025, and secured strong shareholder approval for growth initiatives including an additional 40% equity in ND Western Limited.
Company News
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