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The latest announcement is out from Omega Oil & Gas Limited ( (AU:OMA) ).
Omega Oil & Gas Limited has issued 500,000 fully paid ordinary shares following the exercise of unlisted options, as per the Corporations Act. This move reflects Omega’s ongoing compliance with regulatory requirements and supports its strategic focus on developing the Taroom Trough’s oil and gas resources, reinforcing its position in the energy market.
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 is an Australian exploration company focused on the oil and gas potential of Queensland’s Taroom Trough in the Bowen Basin. Founded in 2020, Omega has made significant hydrocarbon discoveries, particularly with its Canyon-1H project, demonstrating a large petroleum system capable of long-term production. The company is backed by prominent resource investors and aims to be a key player in Australia’s energy sector.
Average Trading Volume: 512,990
Technical Sentiment Signal: Buy
For a thorough assessment of OMA stock, go to TipRanks’ Stock Analysis page.