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
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OMA
omega oil & gas limited
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1.69%
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30.0¢

Ann: Trading Halt, page-27
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Last
30.0¢ |
Change
0.005(1.69%) |
Mkt cap ! $102.9M |
Open | High | Low | Value | Volume |
29.5¢ | 30.0¢ | 29.5¢ | $18.55K | 61.87K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8000 | 30.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
30.5¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8000 | 0.300 |
1 | 27366 | 0.295 |
4 | 117642 | 0.290 |
2 | 49993 | 0.285 |
2 | 130000 | 0.280 |
Price($) | Vol. | No. |
---|---|---|
0.305 | 10000 | 1 |
0.310 | 57615 | 3 |
0.315 | 25000 | 1 |
0.320 | 9300 | 1 |
0.325 | 50000 | 1 |
Last trade - 12.23pm 08/08/2025 (20 minute delay) ? |
OMA (ASX) Chart |