Top Page
Omega Oil & Gas Limited
(Sydney:OMA)
Omega Oil & Gas Limited (OMA) vs. iShares MSCI Australia ETF (EWA)
Omega Oil & Gas Limited Business Overview & Revenue Model
Omega Oil & Gas Limited Financial Statement Overview
| Breakdown | ||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 0.00 | 0.00 | 78.45K | 0.00 | 0.00 | Gross Profit |
| 0.00 | 0.00 | 38.06K | 0.00 | 0.00 | EBIT |
| -2.41M | -2.62M | -3.43M | -1.98M | -792.11K | EBITDA |
| -2.46M | -2.68M | -4.99M | -1.94M | -760.55K | Net Income Common Stockholders |
| -1.87M | -2.22M | -5.34M | -2.01M | -2.09M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 14.69M | 17.28M | 2.16M | 14.88M | 384.59K | Total Assets |
| 51.29M | 42.27M | 25.41M | 19.91M | 3.19M | Total Debt |
| 47.88K | 65.91K | 227.08K | 2.94M | 0.00 | Net Debt |
| -14.64M | -17.21M | -1.93M | -11.94M | -384.59K | Total Liabilities |
| 5.58M | 3.41M | 5.38M | 523.51K | 1.10M | Stockholders Equity |
| 45.71M | 38.86M | 20.03M | 19.39M | 1.93M |
| Cash Flow | Free Cash Flow | |||
| -12.43M | -6.13M | -17.16M | -3.45M | -797.79K | Operating Cash Flow |
| -1.39M | -1.80M | -4.04M | -3.45M | -797.79K | Investing Cash Flow |
| -5.53M | -3.83M | -15.63M | 0.00 | -3.32M | Financing Cash Flow |
| 7.84M | 20.76M | 19.51M | 5.39M | 4.63M |
Omega Oil & Gas Limited Technical Analysis
Omega Oil & Gas Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
58 Neutral | $7.58B | 3.29 | -4.46% | 10.00% | 0.84% | -49.61% | |
53 Neutral | AU$4.79M | 5.26 | -1.40% | ― | 68.45% | 66.67% | |
44 Neutral | AU$2.04M | ― | -21.05% | ― | -32.86% | 55.26% | |
40 Underperform | AU$9.25M | ― | -1.86% | ― | ― | 89.19% | |
40 Underperform | AU$2.83M | ― | -55.36% | ― | ― | -281.82% | |
33 Underperform | ― | -4.40% | ― | -100.00% | 80.00% | ||
33 Underperform | AU$872.34K | ― | -62.03% | ― | ― | -8.16% |
Omega Oil & Gas Limited Corporate Events
Omega Oil & Gas Limited announced a successful quarter marked by significant oil and gas discoveries at the Canyon-1H well in the Taroom Trough, exceeding pre-drill expectations. The company is fully funded for the next appraisal phase, with plans for seismic acquisition and drilling underway. The appointment of Martin Houston as Chair and a $7M institutional placement further strengthen Omega’s position, highlighting its potential for accelerated development and increased acreage value.
Omega Oil & Gas Limited has seen a change in the interests of its substantial holder, Tri-Star Group Investments Pty Ltd. The group increased its voting power from 18.89% to 19.86% through the acquisition of additional fully paid ordinary shares. This acquisition was part of a placement announced earlier and approved by Omega’s shareholders, indicating a strategic move to strengthen its position within the company.
Omega Oil and Gas Limited announced a successful flow test of its Canyon-1H well in the Taroom Trough, indicating promising reservoir properties comparable to top US unconventional liquids areas. The company is preparing for further data acquisition and work programs, including seismic and drilling activities, to enhance resource development and explore strategic partnerships.
Omega Oil & Gas Ltd has announced a change in the director’s interest in securities, specifically involving Peter Stickland. The change includes the allotment of 150,000 unlisted options as part of director incentive remuneration, approved by shareholders. This move reflects the company’s strategy to align director incentives with shareholder interests, potentially impacting its governance and operational focus.
Omega Oil & Gas Limited has announced a change in the indirect interests of its director, Quentin Joseph Flannery, in the company’s securities. The changes involve movements of shares to HSBC nominee names, with no change in beneficial ownership, indicating a restructuring of how these shares are held. This adjustment in shareholding structure may impact the company’s governance and stakeholder relations.
Omega Oil & Gas Limited announced the issuance of 150,000 unquoted equity securities, specifically options expiring on October 21, 2027, at an exercise price of $0.39. This move is part of the company’s strategic financial management, potentially impacting its capital structure and providing additional resources for its operations. The issuance could influence Omega’s market positioning by enhancing its financial flexibility and attracting investor interest.
Omega Oil & Gas Limited has issued 13,698,709 fully paid ordinary shares as part of Tranche 2 of its capital raising initiative, following shareholder approval in March 2025. Additionally, 150,000 shares were issued due to the exercise of unlisted options. This move is part of Omega’s strategy to enhance its capital structure and support its growth objectives, potentially impacting its market position and stakeholder interests.
Omega Oil & Gas Limited has announced the issuance of 150,000 ordinary fully paid securities, which will be quoted on the Australian Securities Exchange (ASX) under the code OMA. This move is part of the company’s strategy to enhance its financial standing and operational capacity, potentially impacting its market position and offering new opportunities for stakeholders.
Omega Oil & Gas Limited has announced the application for quotation of 13,698,709 ordinary fully paid securities on the Australian Securities Exchange (ASX), effective April 4, 2025. This move is part of previously announced transactions and is expected to enhance the company’s liquidity and market presence, potentially impacting its operational capabilities and stakeholder interests positively.
Omega Oil & Gas Limited has announced successful flow test results from its Canyon-1H well, revealing strong oil and gas production rates. The test indicates the presence of a substantial oil play alongside the anticipated gas play, enhancing the commercial potential of the Canyon Project Area. The results suggest that Omega’s development wells could be highly productive, comparable to top-tier unconventional US basins, and position the company to play a significant role in Australia’s energy future.
Omega Oil and Gas Limited announced the successful passage of all resolutions at its recent General Meeting, indicating strong shareholder support for the company’s strategic initiatives. The approval of various share placements and incentive securities is expected to bolster Omega’s financial position and enhance its capacity to capitalize on gas exploration opportunities, reinforcing its potential impact on the energy market.
Omega Oil and Gas Limited announced the successful completion of the fracture stimulation program at its Canyon-1H horizontal well in the Taroom Trough, Queensland. The program, executed by Halliburton, was completed on schedule and has shown promising initial results with gas and condensate flows observed at the surface. This marks a significant milestone for Omega as it begins the flowback testing phase to evaluate the reservoir’s performance and the commercial viability of the Canyon field.
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.
Omega Oil & Gas Limited announced the appointment of Martin Joseph Houston as the new Chair and non-executive director, effective February 26, 2025. As part of his compensation, Mr. Houston will receive 1,500,000 unlisted options, subject to shareholder approval, which reflects the company’s strategic focus on strengthening its leadership to enhance its market position and operational effectiveness.
Omega Oil & Gas Limited has issued 150,000 fully paid ordinary shares following the exercise of options. This issuance was conducted without disclosure to investors under specific provisions of the Corporations Act, and the company has complied with all relevant statutory requirements. This move indicates Omega’s ongoing operational activities and may influence investor perception and stakeholder engagement.
Omega Oil & Gas Limited has announced the issuance of 150,000 fully paid ordinary shares to be quoted on the ASX, effective February 19, 2025. This strategic move is part of the company’s effort to enhance its financial position and potentially expand its market capabilities, reflecting a proactive approach to leveraging its securities to support operational and growth objectives.
Omega Oil & Gas Limited has appointed Martin Houston, a seasoned veteran with over 40 years in the oil and gas industry, as the new Chair of their Board. Houston, known for his leadership in the LNG sector and major projects like the Queensland Curtis LNG project, is expected to advance Omega’s strategic goals in the Taroom Trough. This appointment underscores Omega’s ambition to tap into large undeveloped gas resources in Australia, potentially enhancing its market position and contributing to the country’s energy security.
Omega Oil & Gas Ltd has announced the cessation of Michael John Sandy as a director, effective February 17, 2025. The notice details his interests in securities, including unlisted options and shares held through a super fund. This change in directorship may impact the company’s strategic direction and stakeholder engagements.
Omega Oil & Gas Ltd announced a change in the director’s interest, with Michael John Sandy experiencing a lapse in options due to unfulfilled vesting conditions. This update indicates a strategic reassessment of the company’s executive financial interests, potentially influencing internal governance and stakeholder confidence.
Omega Oil & Gas Limited announced the cessation of 150,000 securities, specifically options expiring on October 21, 2027, due to the conditions for their issuance not being met. This update may impact the company’s capital structure and could influence stakeholder perception regarding the financial management and strategic direction.
Omega Oil & Gas Limited has announced an update regarding its proposed issue of securities, revising the expected date to align with the scheduled extraordinary general meeting (EGM) on February 13, 2025. This update signifies the company’s strategic efforts to raise capital, potentially impacting its market position and stakeholder interests by potentially enhancing its financial resources for future projects.
Omega Oil & Gas Limited announced the issuance of 8,908,195 fully paid ordinary shares as part of Tranche 1 of its recent placement. This move, made without investor disclosure under specific provisions of the Corporations Act, reinforces the company’s compliance with regulatory requirements and indicates a strategic approach to enhance its financial standing and market competitiveness.