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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
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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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Omega Oil & Gas (ASX:OMA)
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