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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30.0¢

Ann: Trading Halt, page-27
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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($) | Vol. | No. |
---|---|---|
31.0¢ | 4411 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 82360 | 0.300 |
2 | 100000 | 0.295 |
1 | 117571 | 0.280 |
2 | 140900 | 0.275 |
2 | 100575 | 0.270 |
Price($) | Vol. | No. |
---|---|---|
0.310 | 4411 | 2 |
0.315 | 23810 | 1 |
0.320 | 91201 | 5 |
0.330 | 15100 | 2 |
0.335 | 55000 | 2 |
Last trade - 16.10pm 16/06/2025 (20 minute delay) ? |
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OMA (ASX) Chart |