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Omega Oil and Gas Secures A$7 Million to Accelerate Canyon-1H Program

8:28am on Thursday 30th of January, 2025 AEDT Energy
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Omega Oil and Gas Secures A$7 Million to Accelerate Canyon-1H Program

8:28am on Thursday 30th of January, 2025 AEDT
Key Points
  • A$7 million capital raise completed at market price of $0.315 per share
  • Strong backing from major shareholders Ilwella Pty Ltd and Tri-Star
  • Funds to bolster balance sheet ahead of R&D tax incentive refund
  • Capital to accelerate Canyon-1H fracture stimulation and flowback program
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