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An announcement from Omega Oil & Gas Limited ( (AU:OMA) ) is now available.
Omega Oil & Gas Limited has issued 1,300,000 fully paid ordinary shares following the exercising of unlisted options, as per the Corporations Act. This move underscores Omega’s compliance with regulatory requirements and supports its ongoing exploration and production activities in the Taroom Trough, potentially enhancing its market position and operational capabilities.
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 vast oil and gas potential of Queensland’s Taroom Trough within the Bowen Basin. Founded in 2020, Omega has made significant hydrocarbon discoveries, including the Canyon-1H project, which highlights a large petroleum system capable of supporting long-term commercial production. The company is backed by prominent resource investors and aims to contribute significantly to Australia’s energy future.
Average Trading Volume: 667,512
Technical Sentiment Signal: Buy
See more insights into OMA stock on TipRanks’ Stock Analysis page.