OMA omega oil & gas limited

Ann: Trading Halt, page-27

  1. 890 Posts.
    lightbulb Created with Sketch. 401
    For the non-holders it might be a good buying opportunity if this well is sub-commercial. I would expect the SP to decrease sharply if the flow rate has decreased to about 0.5 mmscf/d. I can sympathise with those still holding, it's a high stress situation, a bit like a submarine that's too deep with bolts popping off everywhere. But the SP is sure to recover over the next few weeks and months.

    Recent reports of exciting news might be a reference to new exciting plans. I just can't see how this well can flow at a stabilized rate of 2-3 mmscf/d after nearly 2 weeks based on the permeability info published in the Taroom Trough research papers (reference to mapped permeability of 0.1 mD and tabulated data with < 0.15 mD). However, if these papers are misleading and the well test perm is calculated to be around 0.7 -1.0 mD, then it's game on and the SP might fly. Good luck
    Last edited by Grfe4: 26/03/25
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
30.0¢
Change
-0.005(1.64%)
Mkt cap ! $102.9M
Open High Low Value Volume
32.0¢ 33.0¢ 30.0¢ $168.6K 538.3K

Buyers (Bids)

No. Vol. Price($)
4 82360 30.0¢
 

Sellers (Offers)

Price($) Vol. No.
31.0¢ 4411 2
View Market Depth
Last trade - 16.10pm 16/06/2025 (20 minute delay) ?
OMA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.