We have a lot to look forward to in 2H/25 Monday, EOFY might be the last chance to buy around these levels before more news drops.
ASX announcement April 7, 2025
• Canyon-2 data acquisition program: Cased-hole logging and DFIT program in the existing Canyon-2 vertical well to commence within weeks. Program designed to evaluate stacked pay potential within the Permian target section and to model the overpressure gradient. • Preparation for seismic acquisition program underway: Procurement, contracting, and land access work has commenced for a 2D seismic acquisition program scheduled to commence in 2H25. • Preparation for future wells underway: Land access, location preparation, well design, contractor sounding for availability and suitability of rigs, fracture stimulation equipment and long-lead items underway. • Commercial modelling underway: Resource upgrades and oil and gas development pathways (transport, processing, sales) are being investigated, modelled and assessed. • Fully funded for all planned evaluation and early work programs: Assessing financing options for longer term work program. • Potential partner and strategic investor discussions ongoing: Multiple inbound enquiries received from significant investors since Canyon-1H results announced.
OMA Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held
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)