OMA 10.6% 29.5¢ omega oil & gas limited

This might provide a clue to the constant T20 selling into any...

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  1. 19,019 Posts.
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    This might provide a clue to the constant T20 selling into any 'positive' announcement:

    on 23/05.  Note that wireline logging of Canyon2 is long complete and all well data available for weeks yet still trumpeting a 293m zone.

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    Then a few days later on 31/05 suddenly in a very muted announcement drop the salient info that insiders must have known for more than a month: that Canyon2 only had a 110m net pay zone!   293m suddenly replaced with 110m, stock tanks, mop up algos clean up below IPO price. Not a good look if you ask me.  They ought to have kept the market fully informed.

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    Last edited by asteroider: 31/05/23
 
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