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Omega Raises A$60 Million to Accelerate Taroom Trough Drilling and Early Production
10:42am on Thursday 23rd of April, 2026 AEST
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Energy
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Omega Raises A$60 Million to Accelerate Taroom Trough Drilling and Early Production
10:42am on Thursday 23rd of April, 2026 AEST
Key Points
A$60 million placement oversubscribed by domestic and international investors
Upgraded 2026/27 program includes four vertical and up to two 5½ inch, 2,000m horizontal wells
Funds to support stimulation and six-month flow testing for commercial flow demonstration
Queensland Government’s Taroom Trough Development Plan expected to streamline approvals
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Omega Oil & Gas (ASX:OMA)
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